U.S. stocks dropped sharply after President Trump threatened to raise tariffs on China, sending the S&P 500 down 2.7% for its worst day since April. The Dow Jones and Nasdaq also declined after early gains. As the U.S. government shutdown drags on, consumer sentiment has plunged to 55, one of the lowest readings since 1952, according to the University of Michigan. Economists say high prices and limited job opportunities are fueling concern about the economy’s direction.

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