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U.S. stocks experienced significant declines on Friday, marking their worst loss since Election Day. The downturn follows a temporary boost from Donald Trump's electoral victory and a recent cut to interest rates by the Federal Reserve. The S&P 500 and Nasdaq recorded their largest one-day losses in two weeks, driven by concerns regarding the pace of future Federal Reserve interest-rate cuts and the implications of Trump's cabinet selections. Market analysts are closely monitoring the potential impact of Trump's promised tariffs on international trade, which could further affect U.S. economic relations.
U.S. stocks fell to their worst loss since Election Day as the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading. https://t.co/Wh4XAQMozw
If Donald Trump follows through on his promised tariffs, the United States will likely trade much, much less with other countries. But what about the rest of the world? https://t.co/kVBpbCg2SO
Wall Street's main indexes closed lower on Friday on concerns about slower Fed interest-rate cuts and Donald Trump’s choices for cabinet posts. Read: https://t.co/SeS4yCmEsE https://t.co/dlS8z72npx