๐ Tesla and Rivian Struggle, While GM and Carvana See Growth | Retail Sector Insights
Among the ETF's holdings, Home Depot and TJX Companies were top contributors to performance, despite TJX experiencing a slight decline over the past month.
Among the ETF's holdings, Home Depot and TJX Companies were top contributors to performance, despite TJX experiencing a slight decline over the past month.
Market on Edge Ahead of Trump's 'Liberation Day' Tariff Announcement, Potentially Impacting Global Trade and Economic Growth.
Global markets face uncertainty ahead of Trump's tariff announcement, with mixed economic signals from Europe and recession fears impacting investor sentiment.
(IBB) has experienced a decline of 2.5% during Monday's trading session, coinciding with significant downturns in the broader U.S. stock market. Major indices are falling sharply due to concerns over President Trump's upcoming reciprocal tariffs, which are expected to take effect on April 2nd.
(XLY) is down significantly today. This downturn coincides with concerns over President Trump's upcoming reciprocal tariffs set for April 2nd, which have raised fears of inflation and economic slowdowns affecting consumer discretionary spending.
Among its holdings, NVIDIA has seen a substantial decline due to a 29-week low, attributed to worries about AI spending and new U.S. export regulations. Microsoft is also facing challenges, hitting a 14-month low following a price target reduction by Jefferies.
Markets Plunge Amid Tariff Fears and Rising Inflation, Gold Surges as Recession Risks Heighten.
Mixed economic signals in the U.S. and Europe raise inflation concerns, while soft European data fuels speculation of ECB rate cuts amid rising stagflation risks.
(XLY) has increased by 1.5%, positioning it among the early outperformers in the S&P sector ETFs. Notably, Tesla Inc. (TSLA) contributed significantly to XLY's performance despite facing challenges from President Trump's recent announcement of a 25% tariff on imported automobiles and auto parts.
Trump's 25% auto tariff announcement sparks market volatility and trade tension fears, impacting U.S. equity indices and Eurozone economies amid stronger-than-expected GDP growth.
U.S. Tariff Uncertainty and UK CPI Slowdown Drive Mixed Global Market Sentiment Amid Key Economic Data Releases.
(VGT) has seen a modest price increase of 0.1% since Monday. This comes amid a notable decline in the US Consumer Confidence Index, which fell to 92.9 in March, the lowest since January 2021, reflecting rising inflation expectations.