- Apr 11, 2023
- 43,923
- 21,379
- 2,488
The stock markets are dropping today due to several factors:
Disappointing Earnings Reports: Retail giant Walmart issued a disappointing outlook for fiscal year sales, which has negatively impacted its stock and other retail stocks like Target and Costco.
Tariff Concerns: President Trump's announcement of additional tariffs on autos, chips, and pharmaceuticals has created uncertainty and concern among investors.
Federal Reserve Policy: The minutes from the Federal Reserve's January meeting revealed that officials are closely monitoring inflation risks and may hold policy at restrictive levels, which has added to market caution.
These factors combined have led to a decline in major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite2.
Now Musk is talking about an 100 billion giveaway to tax payers (or more), and Zelensky will deal the Ukraine rare earth and metals market to Europe rather than the US.
cnbc.com finance.com
Disappointing Earnings Reports: Retail giant Walmart issued a disappointing outlook for fiscal year sales, which has negatively impacted its stock and other retail stocks like Target and Costco.
Tariff Concerns: President Trump's announcement of additional tariffs on autos, chips, and pharmaceuticals has created uncertainty and concern among investors.
Federal Reserve Policy: The minutes from the Federal Reserve's January meeting revealed that officials are closely monitoring inflation risks and may hold policy at restrictive levels, which has added to market caution.
These factors combined have led to a decline in major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite2.
Now Musk is talking about an 100 billion giveaway to tax payers (or more), and Zelensky will deal the Ukraine rare earth and metals market to Europe rather than the US.
cnbc.com finance.com
