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Lingering tensions with China and protests in Hong Kong pulled Wall Street into a second straight day of declines.

Wall Street fell on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China would significantly hamper global growth.

The Dow Jones Industrial Average fell about 324 points, or 1.23 percent, by mid-afternoon. The S&P 500 and the Nasdaq both slipped by around 1 percent, marking the second straight day of declines.

President Donald Trump said on Friday he was not ready to make a deal with China, pouring cold water on any hopes that the dispute would end soon.

Highlighting the fallout of the trade dispute on global growth, a survey by Germany’s Ifo economic institute on Monday showed the economic outlook for the third quarter has deteriorated worldwide.

Trade-related worries have been a major drag on the benchmark S&P 500, which has slipped 3.7 percent from its all-time high hit in July. Read more

Read also: Inside Trump’s plan to save Appalachia: Mountains of plastic, rivers of radioactive waste and billions of Chinese dollars

Lingering tensions with China and protests in Hong Kong pulled Wall Street into a second straight day of declines.

Wall Street fell on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China would significantly hamper global growth.

Lingering tensions with China and protests in Hong Kong pulled Wall Street into a second straight day of declines.

Wall Street fell on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China would significantly hamper global growth.

Lingering tensions with China and protests in Hong Kong pulled Wall Street into a second straight day of declines.

Wall Street fell on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China would significantly hamper global growth.