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Stocks retreated for yet another day after attempting a rebound earlier in the session. Trillions of dollars in investor wealth have been wiped out since last week.
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What began as a misquoted Fox News interview led to a flood of false and misleading posts on X. Before it was corrected, stock markets rallied then plummeted again.
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Shares dropped around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. Trump has defended the tariffs: "You have to take medicine to fix something."
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Investors, businesses and consumers all seem terrified of how President Trump's tariffs could upend the global economy.
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Government cuts. Tariff uncertainty. Sticky interest rates. These are not helping the tumbling stock market. There's a sinking feeling among some Americans that a crash is imminent. But ... should we all be so worried?
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Trump has long boasted about the market's performance under him. But now he seems to have other priorities.
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Investors appear increasingly worried about the impact of tariffs on the U.S. economy.
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The Walt Disney Company reported a 13% increase in quarterly earnings on Wednesday.
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All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.
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The S&P 500 surged 11% in the president's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.