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Aug. 14, 2019, 3:02 p.m. EDT

Emerging-market shares give up 2019 gain in global equity rout

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By William L. Watts

Emerging markets weren't spared in the global stock-market rout Wednesday, with the iShares MSCI Emerging Markets ETF /zigman2/quotes/201454250/composite EEM -0.41% falling 2.8%. The decline erased the popular exchange-traded fund's gain for the year, leaving it down 0.8% for 2019. U.S. stocks saw losses deepen in afternoon trade. The selloff was attributed to an inversion of the main measure of the U.S. yield curve, which is viewed as a recession signal, albeit typically with a significant lag, as well as weak economic data out of China and Europe. The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.03% was off 2.7%, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.13% dropped more than 700 points, or 2.8%. The declines left the benchmark S&P 500 up 13.6% for the year and around 6% off its all-time closing high.

/zigman2/quotes/201454250/composite
US : U.S.: NYSE Arca
$ 41.74
-0.17 -0.41%
Volume: 71.02M
Sept. 18, 2019 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,006.73
+1.03 +0.03%
Volume: 1.71B
Sept. 18, 2019 5:35p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,147.08
+36.28 +0.13%
Volume: 215.60M
Sept. 18, 2019 6:20p
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