Stock Market Today - 8/15: Stocks Lower On China Growth Worries; Retail Earnings In Focus

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The Street

By Martin Baccardax U.S. equity futures edged lower Monday, while the dollar built gains against its global peers and oil prices slumped, as a surprise rate cut in China rattled growth sentiment abroad and put investors in a cautious mood at home ahead of a big week of consumer-focused data. Stocks are riding a solid, although by no means spectacular, run of weekly gains following Friday's rally on Wall Street as investors pare bets on near-term rate hikes from the Federal Reserve amid slowing inflation prospects. China's decision to cut a series of rates aimed at stoking credit growth, howeve...

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