Your current location is:{Current column} >>Text
U.S. stocks are rising, led by Apple, as investors focus on tariff policies.
{Current column}77716People have watched
IntroductionThe U.S. stock market closed higher on Tuesday, with Apple shares rising 1.4%, fueling a rise in the ...
The The top ten best domestic foreign exchange platformsU.S. stock market closed higher on Tuesday, with Apple shares rising 1.4%, fueling a rise in the Nasdaq index. Nvidia shares fell 0.6%, while Tesla shares rose 3.45%, extending a 12% gain from the previous day. Investors focused on remarks by President Trump regarding automotive tariffs, particularly his suggestion that the tariff measures might not be fully implemented by April 2. Trump's tariff policies have raised concerns about inflation and economic growth, leading to approximately a 2% drop in the S&P 500 index year to date.
Baird investment strategist Ross Mayfield stated that although the market may not receive clear policy guidance, investors still hope for more explicit information about trade policies, which could be a key market trigger. The impact of Trump's policies lies in the possibility of tariffs driving up inflation and affecting economic growth, with the market closely watching upcoming related data.
Additionally, Moody's warned on Tuesday that as the U.S. budget deficit widens and its debt-carrying capacity declines, America's fiscal strength may continue to deteriorate in the coming years. Meanwhile, the consumer confidence index for March fell to 92.9, the lowest level since February 2021, indicating consumer concerns about economic prospects.
Among the eleven sectors of the S&P 500 index, seven rose, with the communication services sector gaining the most at 1.43%, followed by consumer discretionary at 0.98%. Federal Reserve Governor Cook noted that while the Fed's interest rate policy remains restrictive, progress towards the inflation target of 2% has slowed. New York Fed President Williams pointed out that businesses and households' uncertainty about the future economy has increased.
This week, the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released on Friday, providing further inflation information to the market.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Airbnb, Duke Energy, Duolingo and more: 3 things to watch By
{Current column}-- Stocks were muted in trading on Monday as investors prepared for the release of the inflation rep ...
Read moreDollar recovers from PMI slump, yen closes in on 155 per dollar By Reuters
{Current column}By Samuel Indyk and Kevin BucklandLONDON (Reuters) - The U.S. dollar regained some ground on Wednesd ...
Read moreOil prices retreat as US crude build, rate cut concerns come to the fore By Reuters
{Current column}By Colleen HoweBEIJING (Reuters) - Oil prices fell at Asia's open on Monday, dragged down by a renew ...
Read more
Popular Articles
- Debt ceiling deal, Fed rate path, Erdogan's victory
- Iraq's Kataib Hezbollah denies saying it resumes attacks on US forces By Reuters
- Chip stocks, including Nvidia, 'have ways to go to the downside'
- Gold prices muted amid scant trading cues; copper reverses course By
- Dollar steady as debt ceiling worries weigh; Kiwi slips 1% By Reuters
- Treasury's Yellen says funding bill allows lending of $21 billion to IMF trust By Reuters
Latest articles
-
Debt ceiling deal, Fed rate path, Erdogan's victory
-
Microsoft earnings preview: Another strong report from the AI winner? By
-
Meta shares slump 15%, drag down peers as revenue guidance disappoints By
-
US home flipping malaise pinches reality TV stars to contractors By Reuters
-
Chinese CPI inflation worsens in April, PPI at COVID
-
Tesla cuts price of Full Self