Stocks stumble as investors ponder US trade policy

Investors have been met with some calm after a turbulent week besieged by US trade policy confusion and a global rise in borrowing costs, as a steep sell-off in bonds abated and currencies steadied, though stocks tracked Wall Street lower. Overnight the Nasdaq confirmed it has been in a correction since peaking last December, as US stocks face headwinds from a darkening growth outlook in the world’s largest economy and uncertainty over US President Donald Trump’s tariff policies. Trump on Thursday suspended the 25 per cent tariffs he imposed this week on most goods from Canada and Mexico until April…