Reported 3 days ago
As the market experiences a pause in its recent rebound due to rising fiscal deficit concerns, President Trump has threatened to impose significant tariffs on imports, notably a 25% tariff on non-US Apple products. This has led to a decline in major stock indices, including a 2.4% drop in the Nasdaq and 2.6% in the S&P 500. Investors are now eyeing Nvidia's quarterly earnings report on Wednesday, alongside updates on economic indicators including the Federal Reserve's inflation gauge. While tariff uncertainties loom, recent earnings growth and a decline in companies withdrawing guidance suggest resilience in corporate performance.
Source: YAHOO