S&P 500 It moved down to start the week as investors monitored the latest developments on global trade, including another surprise tariff set from President Donald Trump.
The broad market index fell by 0.2%, Nasdaq Composite Approximately 0.3% soaked. Dow Jones Industrial Average Meanwhile, he scored 115 points, or nearly 0.3%.
The key index reduced the losses after data from the Supply Management Institute, which reflected stronger services sector activities than expected in April, even if company executives reported growing tariff concerns. At that low, the Dow fell by 253.99 points, with the S&P 500 and Nasdaq losing about 1% each before rebounding.
After Bloomberg, emotions have improved too It has been reportedquoting the source, India proposes zero tariffs on steel, auto parts and pharmaceuticals to each other, with a certain amount of imports.
Investors remain uncertain about the timeline of customs transactions between the US and other countries.
“We’re very close to some deals,” Treasury Secretary Scott Bessent told CNBC Monday.
“We’re in negotiations with many countries, but at the end of this, I’ll set up my own deal – they won’t set up a deal because I set up a deal,” Trump told reporters on Sunday. Trump added that he has no plans to talk to Chinese President Xi Jinping, but is bold that progress is being made to ease trade tensions between the US and China.
Trump on Sunday also allowed related agencies to begin 100% tariffs on films produced overseas, calling for efforts from other countries, and striving to attract film production as a “national security threat.” It remains unclear whether taxation will affect movies shown in theaters and films on streaming services. Stocks Walt Disney and Netflixa company filmed overseas, fell on Monday.
“We’re looking forward to seeing you in the world,” said Jeremy Siegel, finance professor at Wharton Business and Withdal Tree Chief Economist at the University of Pennsylvania.
Wall Street is looking forward to the Federal Reserve two-day policy meeting that begins Tuesday, with rate decisions expected on Wednesday. The Fed’s futures trading refers to a 3.2% chance of interest rate reductions. CME Group FedWatch Tool. Yet, traders are paying attention to commentary from central bank or Fed Chairman Jerome Powell on the economic outlook amid growing uncertainty resulting from the trade war.
Last week, sentiment rose on the basis of hopes for a US trade contract with its major trading partners. The S&P 500 made nearly 1.5% advance on Friday.
