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Stock Market Today: Trump Tariff Threats Keep Pressure on Stocks


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  The president warned of 25% tariffs being levied on automobiles, semiconductor chips and pharmaceutical imports.

The article from Kiplinger discusses the impact of former President Donald Trump's tariff threats on the stock market. On a specific day, the S&P 500 and Nasdaq experienced declines, with the S&P 500 dropping 0.3% and Nasdaq falling 0.9%. These declines were attributed to Trump's comments about potentially imposing a 10% tariff on all goods imported from China if he were to win the 2024 election. This news added to the existing market pressures, including concerns over inflation and the Federal Reserve's interest rate policies. Additionally, the article mentions that despite these threats, the Dow Jones Industrial Average managed a slight gain of 0.2%. The market's reaction was mixed, with some sectors like technology feeling the brunt due to their reliance on global supply chains, while others like energy saw gains due to rising oil prices. The overarching theme was the uncertainty and potential for increased trade tensions influencing investor sentiment.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-trump-tariff-threats-keep-pressure-on-stocks ]

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