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U.S. stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs
U.S. stocks dove on Tuesday following another stunning reversal, with Wall Street veering from a huge gain at the opening of trading to more losses at the close, because investors still have no idea what to make of President Donald Trump’s trade war, which is scheduled to kick into a higher gear after midnight.
After blasting to an early gain of 4.1%, which would have marked its best day in years, the S&P 500 quickly lost all of it. It then careened to a loss of 3% before paring its drop to 1.6%. That left the index, which sits at the heart of many investors’ 401(k) accounts, nearly 19% below its record set in February.
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U.S. stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs
Stocks plummet as uncertainty over Trump’s trade war grows, with Dow Jones and Nasdaq dropping significantly.
