<h1>Trump's Tariff Threats on EU Wines Spark Market Volatility, S&P 500 and Dow Jones Drop 0.9%</h1> Wall Street experienced a downturn as President Trump's trade war actions overshadowed positive economic news. Stocks fell, with the S&P 500 and Dow Jones down 0.9%, and the Nasdaq composite dropping 1.3%. Trump's threat of 200% tariffs on European wines in response to EU tariffs on US whiskey heightened market volatility, causing concerns about potential stagflation. Despite encouraging reports on inflation and unemployment, uncertainty over tariffs affected consumer and business confidence. AI-related stocks and Tesla saw significant declines, while Intel surged 15.3% after naming a new CEO. Treasury yields edged lower, reflecting tempered growth expectations. European and Asian markets also saw declines.