Dow sheds nearly 2% as Wolfspeed, Target, and UnitedHealth drag market into crisis
Indices: The Dow plunged 1.91%, the S&P 500 dropped 1.61%, and the Nasdaq fell 1.41%. Wolfspeed tumbled following reports of a potential bankruptcy. Target sank after cutting its full-year sales outlook. UnitedHealth declined amid revelations of secret payments and a downgrade from HSBC. Meanwhile, US President Donald Trump's proposed tax and spending plan is projected to add $3.8 trillion to US national debt.
Gleb Frank
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