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Dow Jones Dips on Trade Tensions as Pharma and Copper React to Trump Tariff Threats
Dow Jones Dips on Trade Tensions as Pharma and Copper React to Trump Tariff Threats
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BTCCSquare news:
The Dow Jones Industrial Average closed 0.4% lower as President Trump's refusal to extend trade negotiation deadlines rattled markets. JPMorgan Chase led declines with a 3% drop after an HSBC downgrade, while Goldman Sachs shed 2%. Copper futures surged 10% on proposed import tariffs, contrasting with pharmaceutical stocks that pared gains amid warnings of new drug tariffs.
Market attention now turns to the Federal Reserve's June meeting minutes, with investors seeking clarity on monetary policy amid thin economic data. The S&P 500 remained flat as sector reactions diverged sharply, demonstrating the market's hypersensitivity to trade policy developments.
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