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Tech Pullback Ends S&P 500 Rally, Crypto Steals the Show
Tech Pullback Ends S&P 500 Rally, Crypto Steals the Show
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The Dow Jones Industrial Average declined by 0.1%, while the Nasdaq Composite, heavy with tech stocks, fell nearly 1.7%. The market reaction was due to investors grappling with conflicting tariff signals from President Trump and preparing for potential new auto tariffs. Trump is expected to make a public statement on auto tariffs as early as Wednesday, causing confusion in the market. Meanwhile, cryptocurrency was the focus on Wall Street, although specific details on crypto performance were not provided in this news segment.
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