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US markets trim losses in late trading

Declines in banks and other financial companies led a broad slide in U. S. stocks Thursday afternoon, but the market recovered somewhat from even steeper losses earlier in the day. The slump reflected heightened concerns about global economic weakness, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U. S. economy. The latest slide put the stock market on track for its fourth loss in a row. KEEPING SCORE: The Dow Jones industrial average was down 276 points, or 1. 7...

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