Reported about 16 hours ago
The stock market faced significant volatility as the Dow Jones fell over 400 points and approached correction territory, following President Trump's announcement of a 50% tariff on Canadian steel and aluminum, alongside threats of increased duties on car imports. Investor sentiment has soured due to recession fears, compounded by warnings from major firms about lowering economic forecasts. While the tech-heavy Nasdaq managed a slight recovery, the overall mood on Wall Street remains pessimistic as the S&P 500 struggles amidst ongoing trade war tensions and inflation concerns.
Source: YAHOO