Business and FinanceBusiness and Finance
Fri, March 14, 2025

Wall Street slides as trade war escalates, S&P 500 confirms correction


Published on 2025-03-14 07:21:45 - Reuters
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  • Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating tariff war being waged by the United States against some of its biggest trading partners could reignite inflation and tip the economy into recession.

The article from MSN Money discusses the recent downturn in Wall Street, where the S&P 500 confirmed a correction, dropping over 10% from its peak. This decline was triggered by an escalation in the U.S.-China trade war, with both nations imposing new tariffs on each other's goods. The market's reaction was exacerbated by concerns over global economic growth, disappointing corporate earnings, and heightened geopolitical tensions. Investors are increasingly worried about the potential for a prolonged trade conflict, which could lead to reduced corporate profits and economic slowdown. Additionally, the article mentions that sectors like technology and industrials were hit particularly hard, reflecting their sensitivity to trade issues. The broader market sentiment has shifted towards caution, with investors seeking safe-haven assets like bonds and gold, as uncertainty about future economic stability grows.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/wall-street-slides-as-trade-war-escalates-s-p-500-confirms-correction/ar-AA1ASwsr ]