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The move comes as investors have been sensitive to signs of an economic slowdown that could upend a multiyear bullmarket and longstanding expansion in the U.S. Tumbling crude-oil prices CLF9 also have.

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The SPDR S&P 500 ETF Trust SPY, -0.76% saw inflows of more than $8 billion on Wednesday, the biggest single-day move into the fund since December 2014, and one of the top 10 biggest flow days for the.

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