Wall Street suffered its worst week since the COVID-19 pandemic as escalating U.S.-China trade tensions sent the S&P 500 tumbling 6 percent and deepened fears of a global recession, despite strong U.S. job numbers. China’s retaliatory tariffs, combined with uncertainty over future Fed rate cuts and inflation concerns, triggered widespread market losses, with nearly all S&P 500 companies falling and key stocks with ties to China hit especially hard.
Tag: Dow Jones Industrial Average
Posted inBUSINESS
Stocks’ sell-off worsens as Wall Street wonders how much pain the 47th president will accept for the economy
By Stan ChoeAP Business Writer The U.S. stock market’s sell-off cut deeper on March 10 as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants. The S&P 500 dropped 2.7 percent to drag it close to 9 percent […]