The Nasdaq 100 fell 3%, and the S&P 500 dropped 2% as growth concerns and trade policy uncertainty triggered market volatility. The "Magnificent Seven" tech stocks tumbled 5%, while Treasury yields declined amid bets on a Federal Reserve rate cut. Investors shifted to defensive stocks, fearing economic slowdown due to tariffs and government policy changes under President Trump. Bitcoin fell below $80,000, and corporate bond sales stalled. Wall Street strategists from Morgan Stanley and JPMorgan cautioned about increased volatility. A survey showed retail investors are pessimistic, with most expecting stock prices to decline over the next six months.
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