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NEW YORK — Stocks racked up more losses on Wall Street on Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains since election day for the S&P 500.

Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains since Election Day for the S&P 500. The S&P 500 ...