Wall Street Rally Stalls Amid Trade War Uncertainty
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Wall Street's three-day rally faltered Friday, with mixed trading as the week ended. The S&P 500 dipped 0.1%, while the Dow fell 0.6%. Intel and Eastman Chemical's stock prices dropped due to weak forecasts amid macroeconomic uncertainty and Trump's trade policies. Skechers withdrew its forecast due to similar concerns. However, gains in tech giants like Alphabet and Nvidia partially offset losses. European markets saw modest increases, while Asian markets were mixed. Bond yields fell slightly, suggesting possible Federal Reserve rate cuts. Consumer sentiment weakened, adding to economic uncertainty.
Wall Street's three-day rally faltered Friday, with mixed trading as the week ended. The S&P 500 dipped 0.1%, while the Dow fell 0.6%. Intel and Eastman Chemical's stock prices dropped due to weak forecasts amid macroeconomic uncertainty and Trump's trade policies. Skechers withdrew its forecast due to similar concerns. However, gains in tech giants like Alphabet and Nvidia partially offset losses. European markets saw modest increases, while Asian markets were mixed. Bond yields fell slightly, suggesting possible Federal Reserve rate cuts. Consumer sentiment weakened, adding to economic uncertainty.
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