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European stocks dive on US trade tensions

April 3, 2018

European stocks started the second quarter on the back foot following a US market sell-off.

The majority of European indices did not trade on Monday as the continent observed Easter, but trading in the US resumed, where all three major indices saw big losses on the day.

The tech-heavy Nasdaq 100— which has been a lightning rod for market volatility in recent weeks — plummeted as much as 3.9% to lead all major US indexes. Meanwhile, the benchmark S&P 500 dropped as much as 3.3%, and the 30-company Dow Jones industrial average at one point slid more than 3.1%, or 759 points.

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