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Wall Street’s rally is losing steam as uncertainty from Trump’s trade war clouds company forecasts. Read more: https://t.co/Ww4qwoD1Kp
Wall Street’s momentum is slowing Thursday following its big two-day rally, as more U.S. companies say uncertainty created by President Donald Trump’s trade war is scrambling their expectations for the year. https://t.co/OiwQV9VwLL
Consumer companies are bracing for lower profits as tariffs force shoppers to rethink spending https://t.co/Nv1mKzXuwm
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.
