Wall Street suffered its worst week since the COVID-19 pandemic as escalating U.S.-China trade tensions sent the S&P 500 tumbling 6 percent and deepened fears of a global recession, despite strong U.S. job numbers. China’s retaliatory tariffs, combined with uncertainty over future Fed rate cuts and inflation concerns, triggered widespread market losses, with nearly all S&P 500 companies falling and key stocks with ties to China hit especially hard.

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