1. Major U.S. indices showed mixed activity, with the Nasdaq falling over 2% and the Dow Jones and S&P 500 declining above 1.75%. 2. President Trump's proposed tariffs on auto, semiconductor, and pharmaceutical imports dominated market sentiment, raising concerns about a trade war and supply chain disruptions. 3. Corporate news included Alibaba's 10% surge after strong Q3 earnings and Walmart facing scrutiny over potential Chinese tariff exposure. 4. The 10-year Treasury yield rose to 4.57% as Fed minutes highlighted inflation risks from tariffs. 5. Bitcoin soared above $97,300 as crypto ETFs gained institutional investor interest.
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