U.S. stock indexes opened lower on Tuesday with financial stocks tumbling after Moody’s downgraded the credit rating of several small- to mid-sized U.S. banks and said it may lower the ratings on six major banks including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp.. The Dow Jones Industrial Average DJIA dropped 247 points, or 0.7%, to 35,224, while the S&P 500 SPX was off 0.7% and the Nasdaq Composite COMP shed 0.8%.China’s trade fell much faster than expected in July, data on Tuesday showed. The country’s exports plunged 14.5% for the year to July, the biggest decline since the…
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