Stocks experienced a marginal gain amid a weakened dollar and ongoing trade fears. The Bank of England is anticipated to implement a third rate cut this week. Market sentiment fluctuated, particularly after disappointing earnings from tech giants such as Alphabet and Apple. Analysts are concerned about Alphabet's cloud revenue and rising CapEx, alongside a scrutiny of Apple's App Store practices by China. This highlights a broader tension arising from US trade policies and potential retaliatory actions from foreign governments.
Jitters crept in early in Wednesday's session, as participants continued to digest disappointing Alphabet (GOOGL) earnings... focusing on stalling revenue in the all-important cloud division.
The timing of such a probe is far from coincidental, and speaks to the bigger picture in terms of retaliation to tariffs imposed by the Trump Administration.
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