Global Stocks Plunge Amid Tariff Uncertainty
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US stocks experienced wild swings Monday, initially surging on a false rumor of a tariff delay before plummeting again. The S&P 500 briefly entered bear market territory, dropping 3.5% before a brief 2% rebound. The White House debunked the rumor, leading to further losses. This volatility follows a two-day crash last week and widespread declines in Asian markets, fueled by President Trump's new tariffs. Concerns about a repeat of the 1987 Black Monday crash emerged as global uncertainty mounts.
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