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Stocks Slide as CPI Fails to Quell Economic Angst: Markets Wrap

(Bloomberg) -- Risk appetites vanished on Wall Street after the biggest burst of buying in years, with stocks falling even after subdued inflation data extended a bounce in Treasuries. The S&P 500 pared back about a quarter of Wednesday’s surge as investors braced for a potentially protracted period of global trade hostility.The burst of euphoria flipped back to unease on concern tariffs will bring lasting damage to the economy despite President Donald Trump’s surprise reprieve. While the consum

Markets boomerang as 'Trump Blink' redefines volatility

U.S. President Donald Trump's U-turn on tariffs has rained yet more volatility on markets, leaving investors skidding from stocks to safe-havens and back, and while previous crises have seen bigger moves, few have been this fast. With volatility, it's the speed of a move that can set alarm bells off. The S&P 500 soared 9.5% on Wednesday, its biggest daily gain since 2008, while Europe staged its biggest jump since March 2020 on Thursday.