[Chart courtesy of MarketWatch.com] Equities began the session slightly below their respective unchanged lines but accelerated to the downside late in the day, as market volatility continued. Traders focused on the latest tariff threats, with 200% import duties on all alcoholic products from EU countries in retaliation for the bloc’s 50% tariff on whiskey. The Producer Price Index (PPI) was …
CPI Report Boosts Major Indexes Amid Narrow Market Rally
[Chart courtesy of MarketWatch.com] Today’s better-than-expected CPI report gave the major indexes a positive start, with all of them opening higher and maintaining that trajectory throughout the session. The Consumer Price Index increased by 0.2% for the month, resulting in an annual inflation rate of 2.8%, which is lower than the estimated 0.3% monthly increase and 2.9% annual rate. The …
Bitcoin And Gold Rally As Equities End In The Red
[Chart courtesy of MarketWatch.com] After a brief early bounce, the major indexes resumed their downward trend from yesterday. The S&P 500 made two attempts to reclaim its unchanged line but ultimately failed to hold on. In a post, Trump announced that additional tariffs of 25% on Canada and Mexico would take effect on Wednesday, targeting steel and aluminum. When asked …
Stocks Plummet As Recession Fears Mount Amid Tariff Concerns—TTI Goes Negative
[Chart courtesy of MarketWatch.com] Last week’s selling pressure continued this morning and intensified in the afternoon, dragging down the major indexes. Traders were fixated on Trump’s comments about a possible economic slowdown and the potential for a recession following the implementation of US tariffs, indicating the economy is entering “a period of transition.” The tech-heavy Nasdaq was hit the hardest, …
Tech Sell-Off Continues Amid Policy Uncertainty And Growth Concerns
[Chart courtesy of MarketWatch.com] After a solid green close on Wednesday, the markets reversed course early on Thursday as traders sought more clarity on the latest tariff measures and their economic impact. Despite Commerce Secretary Lutnick’ s announcement of likely one-month exemptions for “more than just carmakers,” markets remained mired in uncertainty throughout the morning and turned downward in the …
Gold And Bitcoin Rebound As Markets React To Tariff Exemption
[Chart courtesy of MarketWatch.com] The major indexes attempted an early relief rally, but conflicting economic data and uncertainty over Trump’s tariffs and their duration kept them fluctuating around their respective unchanged lines. ADV’s private payroll report showed less job growth than anticipated, while service sector data slightly exceeded expectations. This reinforced the view that the economy is cooling. After a …