The article discusses the current state of the markets, indicating a lack of direction as consumer sentiment weakens due to tariff and inflation pressures. The preliminary University of Michigan Sentiment Index dropped to 50.8, reflecting consumer concerns despite recent positive trade developments. Major stock indices like the S&P 500 are fluctuating mildly, while Advanced Micro Devices sees continued positive momentum with upgraded projections. President Trump's upcoming tariff announcements may further influence market sentiment, showing the delicate balance between economic indicators and consumer confidence.
The markets are cautious as of mid-morning trading as they weigh this week's positive trade deal developments and easing inflation with signs of a cautious consumer.
The preliminary University of Michigan Sentiment Index fell to 50.8, down from April's 52.2, indicating deteriorating consumer sentiment amid tariff concerns.
President Trump has brought up tariffs, indicating that he plans to share further details on rates in the coming weeks which heightens market uncertainty.
Advanced Micro Devices is extending its rally this week, with Barclays lifting its price target to $130 from $110, reaffirming an 'overweight' rating.
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