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Stock Markets

US stocks plummeted on Monday, with the Dow Jones down 2%, the S&P 500 down 2.7%, and the NASDAQ down 4%, resulting in over $1 trillion in losses. Retaliatory tariffs from China on US imports exacerbated the decline. President Trump’s reluctance to rule out a recession was highlighted, with the Dow down 2.5% since his inauguration, the S&P down 5%, and the NASDAQ down 10%. A disappointing jobs report showed only 151,000 jobs added, below the expected 170,000. Consumer confidence dropped significantly, and mortgage rates fell to 6.63%. The conversation also touched on the Federal Reserve’s role in economic manipulation and the potential for a recession.

Local Headlines

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New Maine Winter Heating Guide Released

Fresh

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National Headlines

3 days ago in National, Trending

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