Wall Street falls; losses wipe out post-election gains for S&P 500

Stocks on Wall Street continued to decline as the U.S. escalated trade tensions with key partners, wiping out S&P 500 gains since Election Day. The S&P 500 fell 1.2%, with financial stocks hit hard, while tech stocks helped pare losses. Concerns about the impact of tariffs on consumer prices and inflation have weighed on the market, with retailers like Target and Best Buy warning of profit pressures.

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