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Stocks Slide as Worries Persist Over Global Growth

Hopes for a recovery in the United States stock market were dashed on Wednesday as investors’ deepening fears about the strength of the world’s largest economies drove another wave of selling.

The 2.5 percent slide in the market’s main benchmark, the Standard & Poor’s 500-stock index, was the worst so far this year, and came after two days of slight gains that had suggested some confidence was returning after a rocky start to the year. The index is now in what Wall Street calls a correction: a decline of 10 percent or more from its most recent high.

The market decline indicates that investors still see plenty of risks lurking, many of them stemming from China’s slowing economy. The persistent weakness in the price of oil is another market indicator that has raised questions about global growth.

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