Wall Street extends gains on Wednesday, as investors remain resilient in their risk appetite despite the looming announcement of sweeping trade tariffs by President Donald Trump.
The energy sector has been running the table year-to-date. Interestingly, the price of crude oil hasn’t participated much in this rally with the energy sector.
n recent months, several retailers have flagged potential risks to their business from the tariffs and said they were working with suppliers or moving sourcing elsewhere to keep prices in check.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
U.S. stocks decline on renewed tariff concerns, technology shares lead selloff while blue-chip stocks are more resilient. VIX jumps 8%, dollar and Treasury yields remain flat.
The research firm said that the topline growth would be muted, and margins might be pressured broadly in the sector due to changing consumer preferences and high input costs.
Seasonal patterns and market internals offer hope that the short-term bounce will materialize into stronger market action. However, there is much the markets will need to accomplish to confirm the readings.
In this week's video, we'll review the latest charts and data to help us answer the question, will the April 2nd reciprocal tariffs bring additional pain for investors?
