Stocks on Wall Street plunged on the first trading day of May as U.S.-China trade war concerns returned to the fore
May is often marked by sell-offs, and on the month’s first day, with jitters on the rise as some U.S. states begin easing coronavirus shutdowns, the adage held true.
Indeed, stocks had a remarkable run in April, with the S&P 500 and the Dow both posting their strongest monthly percentage gains in 33 years. “Trump poking China was the last thing markets needed given so much present economic and financial uncertainty,” Carter added.
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