Wall Street Declines Amid Tariffs

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CityNews

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US Politics

Wall Street drops as Trump's tariffs hit markets worldwide; Dow down 435 points

Summary

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81% Informative

Wall Street drops as Trump ’s tariffs hit markets worldwide; Dow down 435 points.

Everything from bitcoin to the Mexican peso fell, not just the stocks of U.S. companies expected to be the first to feel pain from the tariffs on goods imported from Canada , Mexico and China .

Some of the sharpest losses hit Big Tech and other companies that could be hit hardest by higher interest rates.

The yield on the two-year Treasury rose to 4.24% from 4.21% on Friday .

That puts the spotlight on companies like Nvidia and other winners of the artificial-intelligence boom.

Nvidia fell 5.3% and was the heaviest single weight on the S&P 500.

The tariffs took center stage in a week where other events would typically take center stage.

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Informative language

Neutral language

Article tone

formal

Language

English