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Wall Street braced for losses when regular trading resumes Tuesday, as U.S. stock futures fell over the holiday weekend following President Donald Trump's latest tariff threats against Europe.
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Dow set to fall more than 300 points on Trump's new tariff threat over Greenland: Live updates CNBCAsian Stocks Face Wary Start as Tariff Feud Grows: Markets Wrap BloombergNATO vs. 'TACO' trade: Dow futures tumble 400 points on Trump's latest tariffs while Wall Street hopes for de-escalation at Davos FortuneTSX edges lower as Trump's Europe tariff threat rattles markets Reuters
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European shares mostly fell and U.S. stock futures skidded Monday after U.S. President Donald Trump threatened to slap a 10% extra tariff on imports from eight European countries because they oppose having America take control of Greenland.
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Concerns European nations will retaliate raises fears of more trade turmoil
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Improved forecasts for global growth, a decent IP print and the rearmament in Europe are all encouraging hedge funds to overweight the industrial sector.
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Stellantis shares were largely up - as high as 93% in March 2024 - until reporting troubling financial results that year amid cost-cutting efforts and EVs.
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The U.S. stock market has pushed higher this year despite angst over the Federal Reserve's independence and heightened tensions around U.S. foreign policy.
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