Wall Street Momentum Slows After Two-Day Rally as Trump’s Trade War Hits Consumer Companies’ Profits

Wall Street's recent two-day rally lost momentum on Thursday as uncertainty stemming from President Donald Trump's ongoing trade war led companies to revise their earnings forecasts and business plans for the year. The trade tensions have created a challenging environment for U.S. firms, particularly consumer companies, which are anticipating lower profits as tariffs prompt consumers to reconsider their spending habits. Mixed signals regarding tariff negotiations have further tempered investor optimism, contributing to the slowdown in market gains.