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Published on Oct 13, 2016
Stocks
bottomed out at session lows as weak trade data reignited worries over
growth in China's economy. Exports in September fell at a pace three
times what analysts had forecast. Crude oil prices slumped after a
weekly read on U.S. inventories showed the first increase in six weeks.
Analysts expected an increase a fraction of the size. Mounting domestic
supply has been just one of the concerns keeping commodity traders at
bay. Railroad operator CSX was active after weathering a quarter in
which a sharp slump in coal shipment volumes weighed on revenue. The
freight company anticipates a 25%
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