From Yahoo Finance: 2025-03-25 17:05:00

On Tuesday, global stock markets started strong but dipped later in the U.S. session due to a sharp drop in U.S. consumer confidence. Tech stocks helped the U.S. indices close higher despite concerns about the economy’s future.

The Conference Board survey showed U.S. consumer confidence at a four-year low, reflecting fears over President Trump’s tariff plans. This could impact economic growth and corporate profits. Trade tensions may also affect British finance minister Rachel Reeves’ upcoming budget statement.

Despite forecasts of slowing U.S. economic growth, analysts expect record-high profits, with S&P 500 earnings per share estimated to rise by 10% this year and 14% in 2026. This suggests stock market valuations may not yet reflect the economic reality.

Key market moves include the Nasdaq’s gain boosting Wall Street, the dollar dipping against G10 currencies, gold hitting over $3,000 an ounce, and oil falling after a four-day rise. Turkish markets rebounded amid efforts to stabilize the lira, while Hong Kong tech shares dropped on valuation concerns. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to concerns over inflation and rising interest rates.

2. A new study shows that a majority of Americans are not saving enough for retirement, with 57% of workers reporting less than $25,000 in savings.

3. The CDC announced that the flu season is expected to be severe this year, with a projected 50 million cases and 20,000 deaths.

4. The United Nations reported that global carbon emissions reached a record high in 2021, with a 2.5% increase from the previous year.

5. Tesla announced plans to build a new factory in Texas, which is expected to create over 10,000 jobs and produce 500,000 vehicles per year.



Read more at Yahoo Finance: Another vote of consumer no confidence