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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...

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Wall Street Wavers Amid Inflation and Geopolitical Risks

 


According to recent news reports, Wall Street has been wavering following a strong consumer confidence report and hopes of the Federal Reserve’s monetary policy. The S&P 500 index edged up by 5.78 points, or 0.1%, to 4,704.14 on Friday, November 17, 2023. However, the market has been volatile due to concerns about inflation, supply chain disruptions, and geopolitical risks .


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