Wall Street, Trump and tariffs
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Wall Street stumbled in early trading on Thursday, as a rally prompted by President Trump pausing tariffs on dozens of countries began to fade.
From The New York Times
Despite all of this, the Dow Jones index is up 0.42% as of Wednesday afternoon.
From Business Insider
U.S. stocks tumbled in midafternoon trading, erasing some of the gains from a historic rally.
From Wall Street Journal
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Wall Street traders and investors have been sent to the brink over the past week by President Donald Trump's tariff policy, scrambling to figure out strategies and calming clients as trillions were wiped off stock market values.
A bear market is a term used by Wall Street when an index such as the S & P 500 or the Dow Jones Industrial Average has fallen 20% or more from a recent high for a sustained period of time.
The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.
Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario,
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Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Trump announced sharp increases in taxes on goods imported to the US.
Wall Street leaders issued warnings on U.S. tariffs, with JPMorgan Chase CEO Jamie Dimon saying they could have lasting negative consequences, while fund manager Bill Ackman said they could lead to an "economic nuclear winter.