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Market Jitters: Stocks Slide as Trump Revives Tariff Threats
Wall Street faced renewed uncertainty as Dow Jones, S&P 500, and Nasdaq futures dipped following President Trump's latest tariff threats. Investors reacted cautiously to his remarks about imposing unilateral levies on trading partners, a move that could disrupt global trade dynamics.
The Dow Jones Industrial Average edged down to 42,865.77, slipping 1.10 points from its previous close. The S&P 500 dropped 16.57 points, settling at 6,022.24, while the Nasdaq Composite fell 99.11 points to 19,615.88.
Trump reiterated his stance on trade negotiations, stating that letters outlining tariff rates would be sent to trading partners within weeks. This announcement comes as the Federal Reserve prepares for its upcoming policy meeting, where officials will assess inflation trends and potential interest rate adjustments.
Meanwhile, Boeing shares took a hit after reports of a deadly plane crash in India, adding to market volatility. Investors are also eyeing upcoming wholesale inflation data, which could provide further insight into economic conditions.
With geopolitical tensions and trade uncertainties mounting, market participants remain on edge, awaiting further clarity on U.S. trade policy and its broader economic impact.
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