U.S. Stocks Dip as Tariffs and Fed Meeting Loom
U.S. stocks started the week on a cautious note. The Dow Jones Industrial Average dropped over 200 points, indicating a subdued mood in the broader market. The S&P 500 and tech-heavy Nasdaq also saw declines of 0.6% and 0.8%, respectively.
This shift comes as investors prepare for a pivotal week. Key events include potential tariff developments and the U.S. Federal Reserve’s two-day meeting.last week, stocks had seen a slight uptick due to positive U.S.-China trade war remarks. However,with no immediate deal in sight and President Trump’s new tariff threat on foreign media,market sentiment has turned jittery.
Trump announced a 100% tariff on foreign-made movies, effective immediately. This,coupled with ongoing trade war concerns and the Fed’s policy decision,has investors on edge.
The crypto market also felt the impact.Bitcoin prices dipped to around $94k as U.S. dollar dominance waned. Meanwhile, the 10-year U.S. Treasury yield remained stable.
Investors will closely watch the Fed meeting and upcoming macroeconomic data. The earnings season continues with reports from major companies like Ford, Palantir, Disney, and AMD. Key data releases include manufacturing activity on Monday and jobless claims on Tuesday. These reports will serve as crucial economic indicators.
