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Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump‘s newest set of tariffs could do to economies across continents, including his own. The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst […]
US consumers remained cautious about spending last month as inflation ticked higher
WASHINGTON (AP) — Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed. Friday’s report from the Commerce Department showed that consumer prices increased 2.5% in February from a year earlier, matching January’s annual pace. Excluding the volatile food and energy categories, cor[...]
Stock market today: Wall Street slips and heads for a fifth straight weekly loss
NEW YORK (AP) — Stocks fell in morning trading Friday and Wall Street is veering toward its fifth straight weekly loss. The S&P 500 fell 0.6%. The index, which is a benchmark for the broader market’s health, is facing its worst weekly losing streak in nearly two years. The Dow Jones Industrial Average fell 228 […]
