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It’s time for Yahoo! Finance’s market minute. U.S. stocks are plunging today as China tariff retaliation stokes trade war fears. Investors are also digesting fresh jobs data and Fed chair, J. Powell’s latest remarks. The central bank head saying persistent inflation is possible from President Trump’s tariffs. Meanwhile, oil futures are touching multi-year lows as trade tensions escalate, sparking fears of cratering demand. Energy stocks extending losses amid that sell-off, plus shares of Boeing taking a hit after China says it will impose additional tariffs of 34% on all U.S. goods. The plane maker facing potential impacts from both sides of the trade war. And GameStop popping as CEO, Ryan Cohen, buys more shares of the company. Cohen acquiring an additional 500,000 shares, totaling approximately $10.8 million. And that’s your Yahoo! Finance market minute. For more on what’s trending on Yahoo! Finance, scan the QR code below to track the best and worst performing stocks of the session.