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The stock market just keeps on dropping
The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods. This move added fuel to growing fears of a trade war that could trigger a global recession.
The Dow Jones Industrial Average dropped more than 1,000 points, falling 2.5%. That’s on top of Thursday’s 1,679-point loss. The S&P 500 also fell 2.8% on Friday, after shedding nearly 5% the day before. The Nasdaq Composite declined 2.9%, following a 6% drop Thursday.
The skinny
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