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Stockreport

Stocks now risk retesting February sell-off lows on trade-war fears [CNBC]

CLEVELAND-CLIFFS INC (CLF)  More Company Research Source: CNBC
Last cleveland-cliffs inc earnings: 7/20 08:00 am Check Earnings Report
PDF March rolled in like a lion, taking a big bite out of stock market gains , and it may be a sign of more to come as investors consider a more aggressive trade policy from the White House, analysts said. Many strategists have been expecting the market to recover from February's lows without a retest, but this week's harsh sell-off has some rethinking the outlook. Stocks were already having a bad week before President Donald Trump announced new sweeping tariffs on steel and aluminum Thursday. The Dow lost 420 points to 24,608 on the first day of March and was on track for a 2.8 percent decline for the week as of late Thursday. The S&P 500 plummeted below the key 2,700 level, dropping to 2,677, or 1.3 percent, in Tuesday trading. That sent up a warning that more technical damage could be ahead. The trade stuff is really new information, said Jack Ablin, CIO at Cresset Wealth Advisors. One of the risks of the forecast was that we do end up getting into some sort of tra [Read more]

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