
Stocks slide as Powell warns of impact of tariffs on the economy
By John Towfighi, CNN New York (CNN) — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow was down 720 points, or 1.8%. The broader S&P 500 fell 2.6%. The tech-heavy Nasdaq Composite slid 3.8%.
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