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S&P 500 on pace to confirm bear market as Trump's tariffs hammer stocks

(Reuters) -The S&P 500 index slumped further on Monday and was down more than 20% from its all-time highs, putting the most closely followed benchmark for U.S. equities on track to confirm a bear market. The Dow Jones Industrial Average was down more than 17% below its record high, while the Nasdaq confirmed it was in a bear market last week as fears of a recession following U.S. President Donald Trump's sweeping tariffs pounded global stocks. An index confirms it has been in a bear market if it closes more than 20% below its record closing high, according to a widely used definition.

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Wall Street Abandons Uber-Bullish S&P 500 Calls on Tariffs Hit

(Bloomberg) -- Wall Street forecasters are racing to temper their views on US equities as President Donald Trump’s sweeping tariffs threaten to upend the global economy.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsWhat Would ‘Transportation Abundance’ Look Like?Oppenheimer & Co.’s

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