Market Volatility Amid Tariff Uncertainty and Consumer Sentiment Dips

Wall Street's major indexes experienced gains amid fluctuating trading as investors evaluated consumer sentiment data and potential changes in trade policy. President Trump hinted at possible tariff exemptions, causing uncertainty. Despite some sector gains, concerns persist regarding U.S. fiscal strength, with a noted drop in consumer confidence and mixed corporate results.

In a day marked by choppy trading, Wall Street's major indexes saw slight gains as investors processed new consumer sentiment data and anticipated potential shifts in U.S. trade policy. President Donald Trump's suggestion of possible tariff exemptions fueled market speculation.

While the S&P 500 and Nasdaq reached two-week highs with strong contributions from Nvidia and Tesla, uncertainty over Trump's tariff strategy continued to weigh heavily on investor sentiment. Furthermore, Moody's cautioned about a prolonged decline in the fiscal strength of the U.S., adding to market concerns.

Consumer confidence showed a decrease, with the index falling to its lowest level in over a year. This drop adds to the challenges faced by investors already uncertain about future economic policies. Despite some bright spots, such as CrowdStrike's performance, the market faces ongoing volatility.

(With inputs from agencies.)