Markets are experiencing pressure due to mixed signals on trade deals, following last week's record highs. Treasury Secretary Scott Bessent mentioned upcoming trade agreements, which offers cautious optimism. However, President Trump's threats of additional tariffs on trade partners have raised fears among investors. The consumer discretionary sector is particularly affected, showing a decline. Meanwhile, Tesla stock fell 7.4% as CEO Elon Musk engages further in U.S. politics, leading to investor concerns about his focus on the company amid political distractions.
The markets are under pressure as trade deal signals remain mixed following last week's record run, with escalating concerns over potential tariffs affecting investor sentiment.
Elon Musk's involvement in American politics has negatively impacted Tesla stock, dropping by 7.4%. Investors are concerned over his divided attention and political distractions.
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