April 17, 2025 9:58 AM
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Sharp fall in US stocks amid caution over impact of tariffs
US stocks fell sharply last night, hit by a double blow from Nvidia’s China-related warning and Federal Reserve Chair Jerome Powell’s caution over the economic impact of tariffs. The Nasdaq Composite sank 3.07 per cent, edging closer to bear market territory. The S&P 500 slid 2.24 percent, weigh...