Wall Street thought the stock market would act as a check on the president. It's not panning out.
The Dow was 540 points lower, or 1.3%, in morning trading. The broader S&P 500 fell 1.1% and the Nasdaq Composite fell 0.8%.
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The S&P 500 is nearly 10 percent below its mid-February record — approaching a symbolic milestone known on Wall Street as a correction.
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