Markets struggle due to tariff fears, Nasdaq correction, US CPI data, and geopolitical uncertainty

From Investing.com: 2025-03-07 15:26:00

The markets are struggling this week due to fears about tariffs. Wall Street is uncertain about the Trump administration’s mixed signals on rolling back tariffs, which has caused confusion among investors. Stocks faced a sharp selloff on Thursday after Trump announced a one-month exemption for Canada and Mexico from the 25% tariffs implemented earlier in the week. The Nasdaq fell 2.6% that day, entering a correction since its record high. Trump believes tariffs can boost revenue, but investors are concerned about their impact on consumer confidence and business spending. The US added 151,000 jobs last month, and the dollar is at a four-month low. Commodities like gold and oil are affected by geopolitical uncertainty and growth fears. In the Asia Pacific region, China’s Two Sessions and inflation data are in focus, while in developed markets, concerns about tariffs and slowing growth persist. The Nasdaq 100 chart shows a possible recovery, but there are still uncertainties ahead.



Read more at Investing.com: Weekly Market Outlook: Trigger Uncertainty, Nasdaq in Correction and US CPI Data