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Stocks Suffer Second Worst Day of Year | Closing Bell
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March 28, 2025
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9:34Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Carol Massar and Tim Stenovec.
US stocks tumbled to their second-worst day of the year as risk assets were pummeled by renewed concerns a flurry of tariffs will stoke inflation just as signs mount that consumer sentiment and spending are buckling.
The macro blows landed in a market already battered in the one area it can least afford: tech. Investors ramped up their selling of the winners from the past two years, unloading the likes of Nvidia Corp. and its Magnificent 7 cousins, along with profitless tech companies and erstwhile darlings like Palantir Technologies Inc. and Reddit Inc.
The highly anticipated trading debut of cloud computing firm CoreWeave Inc. landed with a thud, adding to woes in the IPO market.
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