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US stocks fall sharply as earnings disappoint

Stocks fell sharply on Thursday as investors reacted to disappointing corporate earnings and outlooks from major U.S. companies including Exxon Mobil and Whole Foods Markets. The slide put major indexes into the red for July, leaving the market on track for its first monthly loss since January. Argentina's stock market plunged after the South American nation defaulted on its debt for the second time in 13 years.

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