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S&P 500
New York Post
138 days

Wall Street futures plunge as Trump's sweeping reciprocal tariffs threaten all-out trade war

1. S&P 500 futures plummeted 3.6% after Trump announced new tariffs. 2. The tariffs may escalate into a trade war affecting global economies. 3. Apple's shares fell 7.5% due to steep tariffs on China. 4. Market uncertainty is expected to persist, affecting investor sentiment. 5. Major tech stocks like Amazon and Tesla also experienced significant losses.

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FAQ

Why Very Bearish?

The announcement of significant tariffs on imports creates severe economic uncertainty, similar to past tariff-induced market disruptions.

How important is it?

Given the scale of the tariff announcement, its economic implications will likely influence S&P 500 behavior significantly.

Why Short Term?

Immediate reactions indicate heightened volatility, though longer-term impacts may depend on tariff negotiations and economic adjustments.

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