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Stock market drops a day after huge gains on tariff pause announcement

CBS News
Summary
Nutrition label

82% Informative

The S&P 500 was down 126 points, or 2.3% , to 5,331 in early trading Thursday .

The Dow Jones Industrial Average dropped 869 points by 2.1% , the tech-heavy Nasdaq fell 3% .

The U.S. and China are locked in a tit-for-tat tariff battle, with the exception of China .

"Inflation still remains a concern because the full impact of tariffs is yet to be felt, however, at least the underlying trends (e.g. non-tariff related inflation) seems benign at this time. We will be keeping a close eye on PPI tomorrow in order to determine whether or not future inflation is already in the pipeline," he added..

VR Score

89

Informative language

91

Neutral language

58

Article tone

formal

Language

English

Language complexity

48

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

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