
Wall Street Falls In A Manic Day After Briefly Dropping More Than 10% Below Its Record
Huff PostLOADING ERROR LOADING NEW YORK — The U.S. stock market fell further Tuesday following President Donald Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. The main measure of Wall Street’s health finished 9.3% below its all-time high after flirting with the 10% threshold that professional investors call a “correction.” Other indexes likewise swung sharply through the day. Asked on Tuesday just how much pain Trump would be willing for the economy and stock market to take, White House press secretary Karoline Leavitt declined to give an exact answer. Elon Musk’s Tesla rose 3.8%, for example, after Trump said he would buy a Tesla in a show of support for “Elon’s ‘baby.’” Tesla’s sales and brand have been under pressure as Musk has led efforts in Washington to cut spending by the federal government.
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