Trump's Actions Rock Wall Street: Markets, Housing, Defense & Oil Deals Stir

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CNBC Awaaz•08-01-2026, 07:24
Trump's Actions Rock Wall Street: Markets, Housing, Defense & Oil Deals Stir
- •US stock market faced pressure after Trump's statements, leading to significant profit-taking on Wall Street.
- •Dow dropped 470 points after a strong start; S&P 500 closed lower, Nasdaq slipped from highs.
- •Trump's potential move to prevent institutional investors from buying single-family homes hit real estate stocks.
- •An alleged executive order by Trump against defense companies, banning buybacks/dividends, caused sector declines.
- •New US-Venezuela oil deal sees Venezuela buying US products with oil revenue; commodity markets also saw stir.
Why It Matters: Trump's recent decisions and statements caused widespread market volatility across US stocks, real estate, and defense.
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