Wall Street Week Ahead:Wobbly US stocks face test with tariffs, jobs data
employment report that could reveal a slowing economy.
The S&P 500 posted a weekly loss, selling off on Friday after data pointed to underlying price pressures. Earlier this month, the benchmark index marked a correction, dropping more than 10% from its record high.
The index is down 9.17% from its February 19 high as uncertainty over the health of the U.S. economy and trade policy has kept investors on edge.
Investors remain worried about signs that Trump's trade war could reignite inflation.
«April is going to have a lot of moving parts and probably a lot of volatility following a really difficult March,» said Eric Kuby, chief investment officer at North Star Investment Management Corp. «There's a lot of information that could move markets in a variety of different directions.»
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Investors have been hoping the coming days will clarify the tariff landscape. Trump has pointed to April 2 for a broad batch of tariffs to be announced, including «reciprocal» levies on countries, calling it a «Liberation Day» for the U.S. economy.
The tariff situation has led Wall Street analysts to pull back on economic and corporate earnings forecasts, while uncertainty over how trade policy will play out is weighing on businesses and consumers.
A survey this week showed U.S. consumer confidence plunged in March to its lowest in more than four years, with households fearing a recession and higher inflation because of tariffs.
«Everybody wants clarity because however it plays out, it gives the roadmap and we're going