Trump's tariffs hit US stock market
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Stock futures tumbled Wednesday after President Donald Trump announced tariffs for all trading partners as investors fretted over increased prices and a possible recession.
From UPI
Volatility has gripped U.S. markets in recent weeks as investors speculated about the scope of tariffs and their impact on the global economy, inflation and corporate earnings.
From Reuters
The dollar was mostly lower, oil prices wobbled, while gold, viewed as a safe-haven investment, came close to achieving a fresh all-time high.
From Wyoming News
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21hon MSN
U.S. stocks are drifting higher Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.3% in early trading.
President Trump's tariff plans are much worse than many traders feared, driving a steep selloff in evening trading. U.S. stock-index futures were down more than 3% in postmarket trading as investors digested the details of Trump's sweeping new tariff policies.
Newsmax debuted on the New York Stock Exchange on Monday and surged over 500% in the first few hours of trading, leading to nearly a dozen trading halts following its initial public offering, as its market cap surged to more than $5.5 billion.
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