Apple woes send stocks swooning as treasuries jump

MARKETS TUMBLED THURSDAY among concern that global growth is slowing following a revised sale output from Apple, a decline in a factory output index and trade fears. / BLOOMBERG NEWS FILE PHOTO/NICOLE TUNG
MARKETS TUMBLED THURSDAY among concern that global growth is slowing following a revised sale outlook from Apple, a decline in a factory output index and trade fears. / BLOOMBERG NEWS FILE PHOTO/NICOLE TUNG
NEW YORK - United States stocks sank after a factory gauge dropped the most in a decade and Apple cut its sales outlook, adding to concern that global growth is slowing. Treasuries rallied and the yen strengthened. The S&P 500 Index tumbled 2.5 percent for the steepest sell-off since Christmas Eve, when the gauge fell…

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