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The Independent UK
The Independent UK
World
Ariana Baio

How Wall Street market dip will impact your 401(k) - and what you should do

Donald Trump Stock Market

U.S. Stock markets continued to fall on Friday as a result of President Donald Trump’s sweeping tariffs, sending millions of Americans’ 401(k) retirement funds plummeting and sparking fears of an impending recession.

Trump’s unveiling of worldwide tariffs, set to at least a universal 10 percent, led to negative market reaction as people anticipate goods to become more expensive as a result. The Dow Jones Industrial Average was down more than 3 percent on Thursday and continued dropped over 1600 points on Friday morning. The S&P 500 fell 4.8 percent, and Nasdaq followed similar trends.

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