Wall Street Is Bowing Out of Trump’s Tariff Uncertainty
- The S&P 500 closed at 5,074.08 on Friday after recent market volatility.
- Tariff concerns and uncertainty prompted analysts to reevaluate market targets.
- The index experienced its seventh-worst week in 25 years, declining over 9%.
- Analysts now suggest support around 4,700; one analyst stated, "We lower our target to 5600 but see a wide range of outcomes."
- Several banks are lowering their S&P 500 targets, reflecting concerns about potential downside.
13 Articles
13 Articles
Trump tariff chaos hits Europe and Asia
Donald Trump’s tariff announcement last Wednesday unleashed widespread panic among investors, wiping out nearly $6 trillion off Wall Street alone between Thursday and Friday. The Nasdaq 100 entered a bear market, while the Dow Jones hit correction territory. Monday gave a third consecutive day of losses, with Spain’s Ibex 35 falling 5 per cent, European markets dropped up to 7 per cent… Source
Market Weakness Persists as Investors Brace for More Tariff Fallout
timesng.com: NEW YORK, NY — As U.S. indexes grapple with the fallout from President Donald Trump‘s recent tariffs, analysts warn that the current market descent may continue before investors find stabilization. Morgan Stanley reports that the S&P 500’s next support level is around 4,700, about 6% below its midday level on Monday. The S&P 500 has […] This post Market Weakness Persists as Investors Brace for More Tariff Fallout appeared first on M…
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