Stocks slide; worst hit in 3 weeks for Dow, S&P 500

“U.S. stocks declined on Wednesday, with benchmark indexes retreating from all-time highs, after the World Bank lowered its outlook for global growth.

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“House Majority Leader Eric Cantor’s surprising loss to a tea party activist in Tuesday night’s Virginia primary also rattled investors, with some wondering if it heralded the return of gridlock on Capitol Hill.

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“The seven-term Republican’s defeat is “feeding into the idea of political uncertainty,” said Jeffrey Kleintop, chief market strategist at LPL Financial, who also pointed to increased geopolitical tension in the Middle East as fostering unease, with insurgents taking over the Iraqi city of Mosul on Tuesday. “

cnbc.com