Market Movements
stocks faced a turbulent trading day with the rising 0.4%, the slightly dipping, and the composite up 0.9%, reflecting investor anxiety over 's impending tariff announcement.
The bond market saw yields decrease following reports of contracted U.S. manufacturing activity and fewer job openings, indicating market concerns over economic growth.
Corporate and Economic Impact
Companies express growing concerns over the trade war's effects, with some reporting order pullbacks and slower sales due to anxiety over tariffs and potential boycotts.
Despite the economic apprehension, gold prices hit record highs, and specific companies like Tesla, PVH, and saw significant stock movements, either up or down, amidst the volatile market conditions.