U.S. stocks ended lower in a shortened trading week, influenced by geopolitical concerns and declining consumer confidence. Following an initial surge to record highs, markets lost momentum due to President Trump’s tariff announcements and Walmart’s disappointing guidance, which pointed to weaker future performance. Additional economic indicators showed declining retail sales and caution in the housing market, raising worries over overall economic growth. In Europe, markets showed mixed performance amid optimism regarding U.S. trade policies, while Eurozone business activity remained slightly positive but indicated potential slowdowns ahead.
U.S. stocks finished a holiday-shortened week lower due to geopolitical tensions and softening consumer sentiment, impacting equity momentum despite initial record highs.
Momentum faded after a strong start early in the week, as President Trump's tariff announcements and Walmart's disappointing guidance raised concerns over economic growth.
Sentiment turned negative following Walmart's report, coupled with a significant drop in retail sales, which heightened fears about ongoing consumer spending challenges.
Data revealed slowing activity in housing and services sectors, contributing to a cautious outlook for economic expansion amid rising pressuring costs.
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