Investors Who Bought Trump's ‘Pro Growth' Agenda Now Pay for It
By and Alexandra Semenova
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Wall Street is on edge again, but the culprit this time isn't inflation. Instead, equities investors large and small are gripped by fear of slowing economic growth in the US.
A rupture in the stock market has been exposed, with things taking a dark and volatile turn in just the past two weeks. The S&P 500 Index has wiped out all of its gains since Donald Trump was elected president on the strength of what Wall Street considered his 'pro-growth' agenda. Meanwhile, the technology-heavy Nasdaq 100 Index briefly slumped into a correction Friday after plunging more than 10% in 17 days as investors dump the winners that paced the soaring stock market over the past two years.
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Housing starts plummet to 5-year low. That could be a good thing for home buyers.
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