Stock Market Ticks Up Hesitantly on Tariff Expectations and Federal Reserve Decision
U.S. stocks are climbing slowly after a mixed week of trading that benefitted from a Fed meeting and hope for the future concerning tariffs, which may be more targeted than previously expected.
There is news coming out of the Wall Street Journal and Bloomberg that indicate positive expectations on the next round of tariffs that Donald Trump will enact. Investors are looking forward to seeing Trump take a more targeted approach with tariffs, and an announcement on his next move is scheduled for April 2nd.
As a result of this potentially good news, the stock market is ticking upward, with the Dow Jones gaining 0.08% and the Nasdaq Composite adding 0.52%. The S&P 500 rounds up the top three indices with a gain of 0.08%. At this point in the year, investors and analysts are happy to see any kind of increase for the market indices.
The stock market is benefitting from last week’s Federal Reserve meeting as well, which was somewhat positive. The Fed confirmed that two more quarter point rate cuts are expected for the year. They did not make a cut at Wednesday’s meeting, but they left that little bit of positive news and made no steps to withdraw from their previous rate decision plans, despite a tough economy.
Stock Movement to Know
We are keeping an eye on some key stocks that help to indicate the movement of the larger market. Tesla (TSLA) is climbing once more, up 5.27% for now. The electric carmaker’s stock has declined in the last two months, losing approximately 40% of its value, but we have seen a marked improvement in the last week.
Microsoft (MSFT) added another 1.14% as it regained ground lost this month, and this stock is almost back up to where it started March off.
Nvidia (NVDA) declined slightly, losing 0.70%, but its steep losses early on in March have been curbed, and the stock looks like it is finding its footing.
The tech market could take the biggest hit from tariffs, with the food sector likely to be widely unaffected. Until the trade war subsides, investors need to be aware of the high volatility that has been placed on affected goods.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals