Traders were busy on the floor of the New York Stock Exchange recently as the market showed some ups and downs. On Thursday night, U.S. stock futures rose slightly, with the Dow Jones up 82 points, or 0.2%. The S&P 500 and Nasdaq 100 also saw similar increases.
Earlier that day, the Dow closed down about 224 points, or 0.5%. The S&P 500 dropped a bit too. However, the Nasdaq Composite performed better, gaining nearly 0.4%. It was a rollercoaster for the Dow, which swung between a high of up 305 points and a low of down nearly 394 points.
Amid this, President Trump’s new tariffs kicked in. Some countries now face high rates, like Syria at 41% and Laos at 40%. Stocks initially rose when he said that companies making chips in the U.S. wouldn’t be affected by a 100% tariff.
Thomas Martin, a senior portfolio manager at Globalt Investments, highlighted that while there’s less chaos with tariffs now, uncertainty remains. Investors are keenly watching how these tariffs will impact things like supply chains and consumer prices. Martin said, “There’s still plenty of questions about how these tariffs will affect decisions in companies and their costs.”
In other news, Trump announced Stephen Miran as his pick for the Federal Reserve Board, replacing Adriana Kugler, who recently resigned.
Despite the market’s twists, major averages are on track for weekly gains. As of now, the S&P 500 is up 1.6%, the Dow is looking at a 0.9% rise, and the Nasdaq could gain about 2.9%. Traders will keep an eye on upcoming earnings reports from Under Armour, AMC Networks, and Wendy’s.
A recent survey from the Financial Times revealed that 67% of investors feel cautious about upcoming economic policies, reflecting a broader concern about market stability.
As we move forward, it’s clear that market reactions to trade policies and economic shifts will be crucial. Investors are feeling the weight of uncertainty, and understanding these changes can help navigate the current landscape.
For more insights into market trends and economic updates, you can refer to trustworthy sources like CNBC and Financial Times.
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