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Markets
Tumble
as
Tariff
Concerns
and Fed
Uncertainty
Weigh on
Wall
Street
Charles
Mosley -
Business/Money
Tell Us
USA News
Network
NEW YORK
- The
stock
market
started
the week
on a
negative
note,
with
major
indices
declining
due to
several
ongoing
concerns.
The Dow
Jones
Industrial
Average
dropped
366
points
(0.9%),
while
the S&P
500 fell
by 1.1%,
and the
Nasdaq
Composite
saw a
steeper
loss of
1.4%.
This
follows
a series
of
declines,
as three
out of
the past
four
trading
weeks
have
ended in
negative
territory.
The Dow
and
Nasdaq,
in
particular,
recorded
their
third
consecutive
losing
session
last
week.
Investor
sentiment
has been
dampened
by
worries
surrounding
President
Trump's
tariffs,
which
were
announced
on April
2. These
levies
have
caused
concerns
about
rising
inflation
and
slower
economic
growth,
with
Chicago
Federal
Reserve
President
Austan
Goolsbee
warning
of a
potential
downturn
in
activity
by
summer.
Federal
Reserve
Chair
Jerome
Powell
has also
expressed
challenges
in
addressing
these
economic
issues
while
maintaining
stability.
Tensions
between
the
White
House
and the
Federal
Reserve
have
added to
the
unease.
President
Trump
has
called
for
interest
rate
cuts and
even
hinted
at
possibly
firing
Powell,
which
raises
questions
about
the
Fed's
independence.
This
political
uncertainty
has
contributed
to
market
volatility.
On the
international
front,
there is
no sign
of
progress
in
global
trade
talks.
Instead,
tensions
with
China
have
escalated,
with the
country
cautioning
others
against
siding
with the
U.S. in
trade
agreements.
This
lack of
resolution
continues
to weigh
on
investor
confidence.
The
broader
market
has also
been
impacted
by
company-specific
news,
such as
Nvidia's
announcement
of a
$5.5
billion
charge
linked
to
export
restrictions
of its
advanced
graphics
processing
units to
China
and
other
nations.
This has
added
pressure
to the
tech
sector,
which is
already
sensitive
to trade
issues.
As
investors
seek
safer
assets
amid
these
challenges,
the
dollar
index
fell
more
than 1%
to
98.13,
while
gold
futures
surged
by 2.4%
to fresh
record
highs
above
$3,400
per
ounce.
This
shift
highlights
growing
caution
and
uncertainty
in the
financial
markets.
Overall,
the
market
is
grappling
with a
combination
of trade
tensions,
political
risks,
and
corporate
challenges,
creating
a
volatile
and
uncertain
environment
for
investors.
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