Reported 2 days ago
Consumer sentiment decreased significantly in May, nearing historical lows, yet stock markets remained largely unaffected. The S&P 500 climbed 0.7%, closing near its February highs, even as consumer sentiment dropped from 52.2 to 50.8, according to the University of Michigan. President Trump's announcement of new tariffs did not sway markets, which had experienced a rebound due to a temporary agreement between the U.S. and China to reduce reciprocal tariffs.
Source: YAHOO