Equity markets experienced volatility following President Trump’s announcement of tariffs on Mexico, Canada, and China, leading to a 0.5% drop in the Dow Jones Industrial Average. Nvidia’s stock fell 8.5% despite strong earnings, while 3M gained 2.1% on positive guidance. Economic data showed GDP growth at 2.3% and a rise in durable goods orders, but initial unemployment claims surged to a five-month high, raising concerns about future employment trends.
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0 posts last weekMarket Volatility Amid Inflation Concerns and Tech Stock Declines
The Dow Jones Industrial Average closed up 0.4% amid fluctuating market conditions, while the S&P 500 and Nasdaq fell 0.5% and 1.4%, respectively, as concerns over inflation and potential stagflation grow. Consumer confidence dropped sharply, and inflation expectations rose to 6.0%. Meanwhile, Nvidia’s upcoming earnings are highly anticipated, with tech stocks like Tesla suffering significant losses due to disappointing vehicle sales in Europe.
about Market Volatility Amid Inflation Concerns and Tech Stock Declines