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8 hours agoLive Nasdaq Composite: Markets Stabilize Despite Economy's Shaky Ground
U.S. GDP slowed to 1.4% in Q4 with rising PCE inflation (2.9% headline, 3% core), pressuring markets and complicating the Fed's outlook.
Markets were closed on Monday for Martin Luther King Jr. Day, compressing the week's activity into four sessions. Early in the week, stocks fell sharply after renewed concerns about a potential global trade conflict. Investor sentiment weakened following comments from President Donald Trump about imposing tariffs on certain European nations in connection with negotiations over Greenland. However, midweek optimism returned when the president signalled a softer stance and postponed the planned tariffs.