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2mo ago

Stock Markets Slide as Tariff Concerns and Weak Earnings Persist

Economic uncertainty grows with upcoming tariffs, weaker corporate earnings, and the Federal Reserve projecting slower growth and higher inflation.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 20, 2025. REUTERS/Brendan McDermid/File Photo
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo
U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo

Overview

  • U.S. stock markets are down as investors react to President Trump's upcoming reciprocal tariffs set for April 2, contributing to economic uncertainty.
  • The Federal Reserve held interest rates steady but signaled two potential rate cuts in 2025, citing slower growth and higher inflation projections.
  • Corporate earnings, including those of FedEx and Nike, have been negatively impacted, with both companies reporting weaker forecasts tied to tariff-related uncertainty.
  • The Nasdaq Composite is on track for its fifth consecutive weekly loss, marking its longest losing streak since May 2022.
  • Geopolitical tensions, including Israeli airstrikes on Gaza and a Ukrainian drone attack on a Russian airfield, are further unsettling global markets.