From Yahoo Finance.: 2025-03-25 07:09:00

Wall Street stocks surged on hopes of delayed tariff hikes and positive S&P Global business survey results. President Trump hinted at auto tariffs and extended Chevron’s deadline in Venezuela. Atlanta Fed President expects only one more rate cut this year. India is open to cutting tariffs on $23 billion of U.S. imports. Top officials accidentally disclosed war plans before Yemen attack.

While U.S. service sector rebounds, manufacturing contracts due to tariff fears. Household confidence to be tested by consumer sentiment reading. Trump hints at auto tariffs, but not all levies to be imposed on April 2. S&P 500 jumps almost 2%, led by Big Tech. Stock futures slip, influenced by quarter-end trading. Overseas stocks mixed, dollar subdued, treasuries rise, crude prices up.

Morgan Stanley warns U.S. de-leveraging could amplify recession risk. Private sector debt shrinks by 2.4% of GDP, most since 2008. All sectors reducing leverage, a potential challenge for the economy. Fed may be more willing to cut rates than expected. JPMorgan sees high chance of recession, questions market assumptions on Fed support. Stock market may bounce as quarter closes, but risks remain.



Read more at Yahoo Finance.: Morning Bid: The confidence game