• Stock markets digested multiple major developments today including President Donald Trump’s announcement that he spoke with Chinese leader Xi Jinping on tariffs and trade. Meanwhile, Trump and his former confidant Tesla CEO Elon Musk continued to trade passive-aggressive—and just plain aggressive—jabs on their social media platforms Truth Social and X, respectively.

An action-packed Thursday drove markets down as multiple glugs of headlines prompted stock market moves. The Dow closed down 0.25%, while the S&P 500 closed down 0.53%. The tech-driven Nasdaq dropped 0.83%.

However, the major driver was a growing public feud between two billionaire titans: President Donald Trump and his former consigliere Elon Musk. Shares of Tesla, where Musk is the CEO, fell more than 14% today, as invest

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