Shares closed sharply lower after reports showed both business and consumer optimism sank this month as President Donald Trump presses ahead with his effort to impose tariffs and slash the federal bureaucracy.
Concern about the US economic growth outlook has accelerated as data points to increasing consumer wariness on both the inflation and jobs fronts.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
