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Stagflation Concerns Ripple Through Wall Street as Tariffs Hit

UNITED STATES, AUG 7 – Wall Street fell 150 points as tariffs raise costs and lower profits for major companies, while investors anticipate Federal Reserve interest rate cuts to support the economy.

  • On Thursday, stocks drifted on Wall Street after President Donald Trump’s latest tariffs took effect, causing the S&P 500 to fall by 0.5%.
  • The administration outlined plans including 100% tariffs on computer chips, with exemptions for U.S. investments, and announced tariffs on medicines and semiconductors next week.
  • Companies reported tariff-driven losses; Caterpillar warned costs would rise about $1.5 billion, Toyota cut forecasts, and KFC shares fell over 5%.
  • Sentiment has shifted, with markets expect the Federal Reserve to lower rates as early as September and possibly further by year-end.
  • Looking abroad, indexes rose across much of Europe and Asia, with Frankfurt's DAX, London's FTSE, and Paris's CAC gaining, reflecting mixed global reactions.
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U.S. shares rose on Thursday, despite the fact that President Trump's massive tariffs affected dozens of trading partners after his self-imposed deadline expired.At the same time, the market was driven by the technology sector for a second day in a row, following Trump's insinuation of a possible tariff exemption for semiconductors.The Dow Jones Industrial Average (^DJI) won 0.6%, while the S&P 500 (^GSPC) rose by 0.5%.The Nasdaq Composite (^IXI…

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Financial World broke the news in on Thursday, August 7, 2025.
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