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Warner Bros. Discovery, Netflix, Disney and More Media Stocks Rally as Trump Sets 90-Day Pause on Tariffs for Some Countries
The S&P 500 jumped nearly 8% Wednesday following Trump's announcement that a 90-day pause would be put on tariffs for non-retaliating countries.
The S&P 500 jumped nearly 8% Wednesday following President Donald Trump’s announcement that a 90-day pause would be put on the proposed tariffs for non-retaliating countries. The boost comes after days of sharp drops for the U.S. stock market tied to fears that President Trump’s sweeping tariffs would ignite a massive trade war and lead to an economic recession. On Friday the S&P 500 closed down 5.97% and the Dow Jones Industrial Average shed 2,231.07 points, down 5.5%, which were, at that time, both the biggest single-day declines since June 2020 during the COVID pandemic.
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