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Wall Street drops as economic outlook, corporate forecasts sour

Updated : January 23, 2019 06:25 AM IST

All three major US stock indexes pared losses after White House economic advisor Larry Kudlow denied a report by the Financial Times that the Trump administration cancelled preparatory trade talks with China.
Each of the FAANG momentum stocks, Facebook Inc, Apple Inc, Amazon.com, Netflix Inc and Google parent Alphabet Inc, ended down between 1.6 percent and 4.1 percent.
Johnson & Johnson dropped 1.4 percent after its 2019 sales forecast fell short of analyst expectations.
Wall Street drops as economic outlook, corporate forecasts sour
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