Reported about 15 hours ago
US stocks faced a dramatic decline on Friday, with the Dow plunging by over 2,200 points as China retaliated against President Trump's tariffs, escalating a global trade war. This tit-for-tat has raised fears of a recession, with the S&P 500 losing $5.06 trillion in value over two days. Despite a slight recovery from initially low points following news of potential tariff negotiations with Vietnam, fears drove investors to safe havens like gold and government bonds, contributing to a market sentiment heavily impacted by tariff anxiety.
Source: YAHOO