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Wall Street Plunges Amid Global Trade War Fears
Wall Street dropped sharply as China matched U.S. tariffs, widening trade war fears. The S&P 500 fell 6 percent, the Dow plunged 2,231 points, and the Nasdaq tumbled 5.8 percent as markets eyed potential recession risks. Friday’s jobs data offered a brief rally but failed to reverse the overall downturn. Trade tensions, inflation fears, and Fed policy uncertainty dominated the narrative, with investors awaiting further tariff developments and negotiations.
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