Stocks tumble as markets fade Trump tariff U-turn rally
U.S. stocks extended their retreat into Thursday afternoon trading, while Treasury yields moved and the dollar resumed its recent slump, as global markets continued to react to the dramatic tariff U-turn unveiled yesterday by President Donald Trump. Updated at 2:27 PM EDT Gold roared back to a fresh record high in late-morning trading, with spot prices rising 2.72% to $3,171.49 per ounce, taking the bullion's year-to-date advance to around 20%. Spot prices were last marked at around $3,164.50 per ounce. The moves suggest investors are shunning the U.S. dollar as...