Overview
- The S&P 500 remains in correction territory, falling over 10% from its February peak, with tech stocks leading recent declines.
- The Federal Reserve has started its two-day policy meeting, with markets expecting interest rates to remain unchanged but closely watching for updated economic projections.
- Israeli airstrikes on Gaza have killed over 400 people, disrupting a ceasefire and heightening geopolitical risks, which have driven gold prices to record highs above $3,000 per ounce.
- European and Asian markets continue to outperform US stocks, supported by fiscal stimulus measures in Germany and China.
- Uncertainty around President Trump's trade policies and tariffs is fueling market volatility, with concerns over their impact on economic growth and inflation risks.