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US stocks, dollar tumble as Trump's trade war rattles Wall Street


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  The US stock market tumbled deeply into the red on Thursday as the White House clarified its plan for a massive 145% tariff on China, escalating a trade war.

The article discusses the significant impact of President Trump's trade war on U.S. financial markets, detailing how major stock indexes like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite experienced sharp declines due to heightened trade tensions with China. The escalation of tariffs and the anticipation of further economic retaliation from China led to a broad sell-off in the stock market, with technology and industrial sectors being particularly hard-hit. Additionally, the U.S. dollar weakened against a basket of major currencies, reflecting investor concerns about the economic fallout from the trade war. The article also mentions that the yield on the 10-year U.S. Treasury note fell, indicating a flight to safety among investors amidst the market turmoil.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/markets/us-stocks-dollar-tumble-as-trump-s-trade-war-rattles-wall-street/ar-AA1CFVAP ]

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