US share market sell-off: Dow drops 1,042 points as Wall Street gets spooked by spectre of “Trump recession”

The worry is that the whipsaw moves by the Trump Administration will either hurt the US economy directly or create enough uncertainty to drive US companies and consumers into an economy-freezing paralysis. The S&P 500 was down 9.1 per cent from its all-time high set on February 19.

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