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S&P 500 shares drop 10 per cent

NEW YORK (BLOOMBERG) – A rebound in stocks sputtered, with the S&P 500 extending a slide from its July peak to 10 per cent – and falls into a “correction.” Oil topped USD85 and gold hit USD2,000 amid the latest geopolitical developments. Volatility resurfaced on news that Israeli forces are expanding their activity in Gaza.
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