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Stocks sank on Friday as the reality of an all-out trade war following President Trump's sweeping tariffs set in, fueling Wall Street strategists' worst fears about how far the S&P 500 (^GSPC) could fall in 2025.
Amid a $2.5 trillion wipeout in markets on Thursday, strategists had warned stock indexes could face further downside should the trade war escalate. On Friday morning, that fear became a reality.
Stock losses accelerated before the bell after China said on Friday it would impose addit...
>>> Read more: Wall Street fears Trump's tariffs will wipe out 2024's stock market gains
Amid a $2.5 trillion wipeout in markets on Thursday, strategists had warned stock indexes could face further downside should the trade war escalate. On Friday morning, that fear became a reality.
Stock losses accelerated before the bell after China said on Friday it would impose addit...
>>> Read more: Wall Street fears Trump's tariffs will wipe out 2024's stock market gains