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Dow tumbles 500 points at the open of trading on worries about tariffs; S&P 500 is 7% below its record set last month

  • The Dow Jones Industrial Average fell nearly 500 points amid concerns about trade tariffs and economic uncertainty, affecting investor sentiment and market stability.
  • President Donald Trump postponed tariffs on imports, calming investors while the S&P 500 slid further into correction territory.
  • The unemployment rate rose to 4.1% in February, with job creation falling short of forecasts, showing signs of a slowing labor market and reflecting economic uncertainty and volatility.
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John Cairns' News Watch: Trump tariff situation causing 'whiplash'

For the umpteenth day in a row I am writing about tariffs, and this time I’m doing it on a day when the American stock market is tanking again.

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Benzinga broke the news in New York, United States on Friday, March 7, 2025.
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