A stock market rocked by a US trade policy reform that completely changed the picture for the global economy and corporate America will be put to the test in the coming week by a hefty slate of US business earnings.
Following President Donald Trump’s announcement of massive tariffs on April 2, which startled markets and caused some of the most turbulent trading since the start of the COVID-19 pandemic, investors remain on edge.
The benchmark S&P 500 stock index declined this week after showing a slight recovery the previous week, and it was down 14% from its record high in February. Although volatility levels have decreased from five-year highs, they are still high by historical standards.
Among the firms that are being eagerly monitored for financial results are Tesla and Alphabet, the parent company of Google, two of the so-called Magnificent Seven megacap companies whose prices have fallen following two years of stock leadership. Investors are looking for clarity regarding the effect from tariffs that are very much in flux. The CEOs’ perspective is more crucial than ever in the future,” stated JJ Kinahan, president of online broker Tastytrade and CEO of IG North America.
Businesses and investors are battling a tariff environment that is expected to continue changing as the Trump administration engages in international negotiations. The U.S. is engaged in a trade war with China, the second-largest economy in the world, even though it has suspended some of the most significant import taxes.
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