Stocks plunge again
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The New York Times |
The Trump administration this week levied sweeping tariffs across the globe, provoking retaliation from other countries and sending the stock market tumbling.
The Boston Globe |
China announced Friday that it will impose a 34% tariff on imports of all US products beginning April 10.
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Live‘s Weekend Update has jokes aplenty about Morgan Wallen’s abrupt departure last week as the show’s credits began rolling. Weekend Update continued the roast, following a swipe during the Cold Open,
Stocks tumbled on Friday, adding to the previous day's massive losses and capping off one of the worst weeks on Wall Street since the turn of the century.
Based on Friday's close, that's how much value the U.S. stock market shed in the past two sessions, according to Dow Jones Market Data. The figure represents a new record. The biggest two-day pullback before this week was during the Covid-19 market,
US stocks plunge for second straight day after China retaliates and Fed chair says wait and see. Dow sheds 2,200 points and Nasdaq enters bear market.
14hon MSN
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
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The S&P’s 9% loss since last Friday makes this stocks’ worst week since March 2020 and the fifth-worst week of the last 20 years, trailing only losses sustained in October 2008 and early 2020.
Fear is running high amid the worst stock sell-off in years. It's important for investors not to panic as they watch their portfolios take a hit.
With the S&P 500 falling at this rate, the stock market could be at risk of triggering a circuit breaker.
The huge swings rocking Wall Street and the global economy may feel far from normal. But, for investing at least, drops of this size have happened often throughout history.