Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
U.S. stocks decline on renewed tariff concerns, technology shares lead selloff while blue-chip stocks are more resilient. VIX jumps 8%, dollar and Treasury yields remain flat.
The research firm said that the topline growth would be muted, and margins might be pressured broadly in the sector due to changing consumer preferences and high input costs.
Seasonal patterns and market internals offer hope that the short-term bounce will materialize into stronger market action. However, there is much the markets will need to accomplish to confirm the readings.
In this week's video, we'll review the latest charts and data to help us answer the question, will the April 2nd reciprocal tariffs bring additional pain for investors?
Risk sentiment shows signs of recovery by midday trading in New York, as investors anxiously await the Federal Open Market Committee (FOMC) meeting at 2:00 p.m., hoping that Federal Reserve Chair Jerome Powell will offer reassuring remarks on the strength of the economy.
U.S. retail sales miss expectations in Feb, raising concerns about consumer strength. However, some areas show resilience & economy not near recession.
