Stocks tumble; S&P touches lowest level since May

UNITED STATES markets slumped Tuesday morning as investors grew concerned that the trade war and rising interest rates have put an end to runaway expansion of corporate profits. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
UNITED STATES markets slumped Tuesday morning as investors grew concerned that the trade war and rising interest rates have put an end to runaway expansion of corporate profits. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK - United States stocks slumped, with the Dow Jones Industrial Average tumbling as much as 548 points, after results from Caterpillar and 3M added to concern that corporate profit growth has peaked. The yen, gold and Treasuries all rallied on demand for haven assets. Trading volume was almost 80 percent higher than average…

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