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


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Published in Stocks and Investing on by CNN   Print publication without navigation

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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