Markets Rocked by Trump Show Economic Fear Across Wall Street
By and Matthew Griffin
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What had been a steady pullback from the US stock market accelerated sharply Monday as investors retreated from virtually every type of risk.
Tech stocks tumbled by the most since 2022 — driving the Nasdaq 100 Index down nearly 4%. Crypto prices slid. Corporate bond sales were scrapped. A gauge of credit risk surged. And Treasuries rallied, pulling yields down steeply, as they reprised their role as the haven of last resort.
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