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Barchart
Rich Asplund

US Trade Policies Ignite a Stock Market Meltdown

United States Donald Trump US Federal Reserve Nasdaq SP Dow Jones ’”Cook Jefferson ECB Economy

The S&P 500 Index ($SPX) (SPY) Thursday closed down -4.84%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -3.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -5.41%.  June E-mini S&P futures (ESM25) are down -4.86%, and June E-mini Nasdaq futures (NQM25) are down -5.36%. 

Stock indexes sold off sharply on Thursday, with the S&P 500, Nasdaq 100, and the Dow Jones industrials sliding to 6-1/2 month lows. Stocks plunged Thursday because of concerns that President Trump’s trade policies will push the US economy and perhaps the global economy into recession. 

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