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Wall Street’s sell-off kicks back into gear as Dow drops 500, S&P 500 falls 1.8%

  • Wall Street's sell-off intensified, with the S&P 500 down 1.8% and the Dow Jones Industrial Average down 500 points, amid economic uncertainty and tariffs from President Donald Trump.
  • President Trump announced a one-month reprieve on tariffs from Mexico, but other tariffs are still set to take effect on April 2, contributing to chaos for U.S. Businesses and higher inflation concerns for households.
  • U.S. Businesses report facing chaos from uncertainty, impacting consumer confidence amid higher inflation concerns from the tariffs.
  • In overseas markets, European indexes rose after the European Central Bank cut interest rates, contrasting U.S. Market declines.
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Associated Press News broke the news in United States on Thursday, March 6, 2025.
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