On Wednesday, the markets (^DJI, ^GSPC, ^IXIC) ended lower as investors waited for President Trump's remarks on auto tariffs. Josh Schafer from Yahoo Finance joined Asking for a Trend to discuss key points from the trading day, including ongoing worries about tariffs and another reduction in the year-end target for the S&P 500. For more expert opinions and analysis on recent market developments, you can find additional content on Asking for a Trend.
On Wednesday, US markets (^DJI, ^GSPC, ^IXIC) ended lower, with the Nasdaq experiencing the biggest drop just before President Trump is about to discuss auto tariffs. Jared Blikre from Yahoo Finance joins Market Domination Overtime to review the day's market movements. For more expert opinions and analysis on the current market trends, you can find additional content on Market Domination Overtime.
Stock prices are unstable as the markets react to Trump's changing statements about upcoming tariffs.
Nvidia, Tesla, and other previously high-performing stocks saw declines, which caused Wall Street to drop. On Wednesday, the S&P 500 decreased by 1.1%. The Dow Jones Industrial Average, after starting strong, ended with a 0.3% loss, and the Nasdaq composite, affected by the struggles of major tech companies, experienced the largest drop at 2%.
Alberto Musalem, the president of the St. Louis Fed, mentioned that President Trump's new tariffs might have a longer-lasting effect on inflation. This view is different from Fed Chair Jerome Powell's main idea that any price rises could be temporary.
On Tuesday, Senator Elizabeth Warren wrote a letter to Commerce Secretary Howard Lutnick, asking him to clarify how the Trump administration intends to stop companies from using tariffs as an excuse to raise prices.
Stock prices are unstable as the markets react to Trump's changing statements about upcoming tariffs.
U.S. stocks rose on Tuesday due to positive feelings that President Donald Trump's tariffs, starting on April 2, will be milder than earlier thought.
Stock prices are unstable as the markets react to Trump's changing statements about upcoming tariffs.
Stock prices are unstable as the markets react to Trump's changing statements about upcoming tariffs.