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US Politics

US Politics

Wall Street tumbles to its first 'correction' since 2023 amid Trump's escalating trade war

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Summary
Nutrition label

78% Informative

The Dow Jones Industrial Average dropped 537 points, or 1.3 percent Thursday , and the Nasdaq composite fell 2 percent .

The S&P 500’s 1.4 percent slide sent the index to its first correction since 2023 .

The losses came after Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.

The S&P 500 lost 77.78 points to 5,521.52 .

The Dow Jones Industrial Average dropped 537.36 to 40,813.57 .

The Nasdaq composite sank 345.44 to 17,303.01.

In the bond market, Treasury yields lost an early gain to sink lower.

VR Score

84

Informative language

88

Neutral language

27

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links