S&P, NASDAQ up as Trump announces tariff plans | Fox Business Video
S&P and NASDAQ saw gains following the announcement of new tariffs by Trump, targeting China, Mexico, and Canada. This move is expected to affect various sectors, particularly those reliant on trade with these countries.
Stock Forecasts
SPY
Positive
The announcement of tariffs can lead to increased volatility in the markets, particularly affecting sectors like technology and manufacturing that have significant exposure to global supply chains.
XLI
Negative
The prolonged tariff negotiations could hinder growth prospects for companies tied to international trade, suggesting a cautious approach for investors in these sectors.
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