Wall Street Divided After Global Equity Wipeout Nears $1 Trillion
- Some analysts say take cover, others bet trade war will fizzle
- A compromise is ‘within reach,’ Eurasia Group’s Wallace says
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As Wall Street analysts debate what comes next amid heated rhetoric over tariffs and retaliation, investors aren’t sticking around to find out.
The S&P 500 Index tumbled in late trading Friday, with the cascading losses wiping almost $1 trillion from global equity markets since President Donald Trump touched off a trade skirmish with China.