Wall Street edges lower despite solid data on the economy

From Yahoo Finance: 2025-03-20 00:20:00

U.S. stock indexes dipped as policy changes under President Trump create uncertainty. S&P 500 slipped 0.2%, Dow Jones fell 0.1%, Nasdaq dropped 0.3%. Wall Street on roller-coaster due to trade war, boosted by Fed’s stance. Data shows strong economy but high uncertainty. Accenture stocks sink due to U.S. government revenue worries.

Fed Chair Powell highlights high uncertainty, difficult forecasting. Stock market drop expected after rapid climb. S&P 500 could bounce back with potential interest rate cuts. Stifel’s Bannister expects pressure on stock prices, potential stagflation. Darden Restaurants climb despite challenging environment.

S&P 500 fell to 5,662.89, Dow Jones to 41,953.32, Nasdaq to 17,691.63. London’s FTSE 100 dips after Bank of England holds interest rates. European and Hong Kong markets fall sharply. 10-year Treasury yield drops to 4.23%. Market outlook remains uncertain.

Read more: Wall Street edges lower despite solid data on the economy