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Dow Drops 390 Points as Trade Uncertainty Overshadows Fed Meeting
Dow Drops 390 Points as Trade Uncertainty Overshadows Fed Meeting
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U.S. equities tumbled sharply on Tuesday, with the Dow Jones Industrial Average shedding 390 points amid mounting uncertainty over global trade negotiations and cautious investor sentiment ahead of the Federal Reserve’s rate decision. The S&P 500 and Nasdaq Composite followed suit, declining 0.77% and 0.87% respectively.
Market sentiment soured after President Trump downplayed the likelihood of imminent trade agreements during discussions with Canadian Prime Minister Mark Carney, contradicting earlier optimistic signals from Treasury officials. The tech sector bore the brunt of the sell-off, with Tesla shares sliding over 2% following weak European sales data.
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