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OverviewAPI
U.S. stock indexes experience decline, with S&P 500 falling 1.5% and Dow industrials shedding about 476 points. Nasdaq Composite also eased 1.5%, marking its worst day since October. FedEx reports weakening demand and lowers revenue forecast, causing its shares to drop 12%. General Mills reports drop in sales due to softening demand for snacks and breakfast foods.

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