S&P 500 Declines 10% as Economic Concerns and Policy Uncertainty Weigh on Markets

The index enters correction territory as consumer confidence drops and fears over tariffs and slowing growth unsettle investors.

The S&P 500 has officially entered correction territory, falling 10% from its February highs, driven by fears of slowing economic growth and policy uncertainty.
Consumer confidence has hit its lowest level since November 2022, with political factors and economic concerns contributing to the decline.
President Trump's economic policies, including tariffs and federal job cuts, have fueled uncertainty, with potential impacts on inflation and growth being closely monitored.
Despite the sell-off, many analysts remain cautiously optimistic, with some predicting a recovery if a recession is avoided and earnings remain stable.
The Federal Reserve is expected to hold interest rates steady this week, with investors closely watching for signals on future rate cuts and economic projections.