White House: Stock market plunge is not as 'meaningful' as business activity
1. White House downplays stock sell-off, sees brighter economic outlook ahead. 2. S&P 500 lost 2.7%, amidst uncertainty over tariffs and job cuts. 3. Recent business investment pledges may indicate a rebound. 4. Animal spirits in the market suggest irrational fears are driving sell-offs. 5. Massive tariffs may heighten risks and ambiguity for investors.