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US close: Stocks sink sharply on Trump tariffs, weak data

By Benjamin Chiou

Date: Friday 01 Aug 2025

(Sharecast News) - A barrage of weak economic data and the announcement of a whole new set of US import tariffs weighed heavily on Wall Street on Friday, with stocks finishing the week with heavy losses.
The Dow dropped 1.2% to 43,588.58, its lowest finish since 26 June; the S&P 500...

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