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Market reverberations highlight a recurring theme of 2018: the rest of the world is struggling to keep up with the U.S. economy
U.S. stocks tumbled Thursday, dragging major indexes to their biggest declines in months, as a selloff in government bonds reverberated around the world.
The S&P 500 shed 0.8% and notched its biggest loss since June, while the yield on the 10-year U.S. Treasury note—a bedrock for global financial markets—hit its highest level in more than seven years.