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The stock market is having another wild day

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Asian stocks were mostly lower and US stock futures tumbled Wednesday after President Donald Trump’s enormous “reciprocal” tariffs went into effect, upending global trade.
From CNN
A big sudden rise in bond yields equates to a big sudden fall in bond prices—which can be a sign that some financial institutions are in distress and being forced to sell at any price.
From The New Yorker

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The tariff announcement from the White House that led to the biggest weekly drop in the stock market since COVID may have been the result of a simple error.
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S&P 500 loses $2.4 trillion in market value, biggest one-day loss since 2020
S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff on Wall Street, their biggest one-day loss in value since the emerging coronavirus pandemic sent global markets into a tailspin on March 16,
Stock market rout deepens as Dow plunges more than 2,200 points and Nasdaq enters bear market
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
When does the stock market open?
The New York Stock Exchange, the world’s largest market exchange with more than $25 trillion in market capitalization among its listed stocks, starts trading at 9:30 a.m. Eastern time daily. With the time zone shift, the market opens at 8:30 a.m. for those in Dallas-Fort Worth.
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