US STOCKS-Stocks edge lower on Biden warning about China ...Middle East

U.S. stocks slid on Thursday after U.S. President Joe Biden said China was poised to "eat our lunch," a warning that raised concerns for a market hovering near record highs on hopes of more stimulus, strong earnings and an improving outlook for the pandemic. A 1.7% rise in PayPal Holdings Inc helped Information Technology gain 0.5%, the only sector on the S&P 500 and Nasdaq to rise, with all others declining.

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