Reported about 1 month ago
Stocks on Wall Street fell sharply on Friday after the White House announced that President Trump would impose tariffs on imports from Canada, Mexico, and China, leading to a decline in the S&P 500, Dow Jones, and Nasdaq indices. The overall market sentiment was dampened by fears of inflation and uncertainty regarding the tariffs' impact on the economy, with nearly 75% of S&P 500 stocks closing lower. Notable tech stocks also faced losses amid concerns about investment needs in the AI sector.
Source: YAHOO