The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are slipping on Wall Street amid new signs the global economy is slowing. China said its economy is growing at the slowest pace in nearly three decades.

The International Monetary Fund on Tuesday cut its 2019 growth forecast, pointing to heightened trade tensions and rising interest rates.

Technology and industrial stocks declined. Micron Technology fell 2.9 percent and Caterpillar lost 2.6 percent.

eBay jumped 11 percent after activist shareholder Elliott Management disclosed a 4 percent stake in the company.

The S&P 500 fell 16 points, or 0.6 percent, at 2,654.

The Dow Jones Industrial Average lost 159 points, or 0.7 percent, at 24,539. The Nasdaq composite slid 50 points, or 0.7 percent, at 7,104.

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