Reported about 22 hours ago
The US stock market experienced a severe downturn as the Dow Jones Industrial Average plummeted over 2,200 points and the Nasdaq entered bear market territory, following China's announcement of retaliatory tariffs against US products. This surge in trade-war tensions has heightened concerns about inflation and a potential recession, coinciding with Federal Reserve Chair Jerome Powell's warning about the economic impact of these tariffs.
Source: YAHOO