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U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

U.S. stocks began Wednesday with a thud after a report suggested the U.S. economy may have shrunk at the start of the year. But the big losses eased as the morning progressed in the latest sharp swings to smack Wall Street amid uncertainty about what President Donald Trump’s trade war will do to the economy.