Published:

U.S. stocks endured another serious setback on Monday as what one trader described as a tariff “tape bomb” from President Donald Trump caused the S&P 500 to tally its biggest daily drop in months.

After a rocky month that saw the Nasdaq Composite

COMP fall sharply from its January highs, the selling pressure that had weighed on stocks in February only seemed to accelerate as March trading got underway.

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