World News: 15:19 GMT Friday 2nd August 2019. [Yahoo Business News Feed via SPi World News]
The worldwide sell-off in financial markets came back around to the United States Friday, and stock indexes fell in morning trading as traders continue to take cover following President Trump's latest escalation in his trade war with China. The S&P 500's drop of 0.9%, as of 10:13 a.m. Eastern Time, was more modest than for indexes in Europe and Asia, many of which lost more than 2%. The fear is that the escalating trade war will drag the U.S. economy into recession for the first time in a decade.
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