"U.S. major stock indexes posted further declines in the latest session, reflecting a combination of political tensions and notable corporate developments. The Dow Jones fell toward the 46,800-point region, while the S&P 500 moved closer to 6,720 points. Meanwhile, the tech-heavy Nasdaq dropped to around 25,100, signalling a more pronounced pullback among growth-oriented companies. Market sentiment remained fragile as investors continued to seek clear signals on the economic and regulatory outlook in the United States."
"One of the key factors influencing market sentiment was the Supreme Court hearing related to tariffs imposed during former President Donald Trump's administration. Justices examined whether the White House had the authority to invoke the 1977 International Emergency Economic Powers Act to justify tariffs on imported goods. The debate raises the possibility of redefining the scope of executive power over trade policy, with potential implications for future negotiations with China and the configuration of global supply chains."
"Markets reacted cautiously, interpreting the legal proceedings as an additional short-term risk factor. Meanwhile, corporate earnings season continued to capture attention. In the technology sector, Qualcomm shares declined after the company indicated it may see reduced order volume from Samsung, despite reporting strong quarterly results. The warning sparked concern about reliance on large strategic partners in the semiconductor industry, particularly amid intensifying competition in high-performance chip development."
U.S. major stock indexes declined, with the Dow near 46,800, the S&P 500 approaching 6,720, and the Nasdaq around 25,100, indicating a pullback in growth stocks. Investor sentiment remained fragile amid uncertainty about the economic and regulatory outlook. The Supreme Court examined whether the White House could invoke the 1977 International Emergency Economic Powers Act to justify tariffs, potentially redefining executive authority over trade and affecting China negotiations and global supply chains. Such uncertainty could change expectations on import costs, competitiveness, and capital flows. Qualcomm warned of reduced Samsung orders despite strong quarterly results, raising industry concentration concerns.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]