Reported 1 day ago
Wall Street specialists indicate that the stock market, notably the S&P 500, could see further significant declines due to the implications of President Trump's proposed tariffs, which may not yet be fully reflected in profit forecasts. Analysts express caution, projecting a potential drop of up to 22% in the S&P 500 if a recession ensues. The current market turmoil, marked by substantial losses in equity futures, has raised concerns that no immediate intervention from the Federal Reserve is forthcoming, leaving investors in uncertainty.
Source: YAHOO