US stocks post steepest drop since 'Liberation Day' after elections; Paraguay impeachment, Iran threat

Wall Street suffered its largest decline since the 'Liberation Day' tariff shock, likely driven by post-election uncertainty or policy concerns. Separately, Paraguay's Congress rejected President Peña's resignation and is pursuing impeachment, while Trump threatened to destroy 'the rest of Iran'. The market move is the primary market-relevant event, though the geopolitical and political developments add risk.

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