Mixed US Stock Market Amid Trump's Trade Talk & Fed Chair Feud
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US stocks showed mixed results Thursday, influenced by President Trump's comments on trade deals and his criticism of Federal Reserve Chair Jerome Powell. While Trump touted imminent trade agreements with Europe and China, his renewed call for Powell's firing initially caused market uncertainty. Despite this, the S&P 500 edged higher, while the Dow fell significantly, partly due to UnitedHealth's profit forecast cut. Concerns remain about trade policy uncertainty and its impact on economic growth, with the IMF predicting notable growth forecast markdowns. Tech stocks also experienced declines, affected by government export restrictions on chip sales to China.
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