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S&P 500 slides into correction territory as Trump trade wars spook investors

Key US stock index closes more than 10% down from February peak amid volatility caused by president’s tariffs

The S&P 500, a key US stock market index, closed in correction territory on Thursday as the volatility of Donald Trump’s trade wars rattled investors.

The index closed more than 10% down from its 19 February peak as Wall Street approaches the end of a second week of pressure.

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