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US Stocks End More Than 5% Lower, Extending Tariff Selloff
(MENAFN- The Peninsula)
AFP
New York: Wall Street stocks suffered another bruising sell-off Friday as major indices slumped more than five percent following President Donald Trump's aggressive tariff policies.
The broad-based S&P 500 plunged six percent, while the Nasdaq's 5.8 percent slide left the tech-focused index in a bear market, defined as a 20 percent drop from its last high.
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