From Yahoo Finance: 2025-04-16 22:57:00

Most U.S. stocks climbed, but UnitedHealth Group suffered its worst drop in 25 years, limiting Wall Street gains. S&P 500 edged up slightly, Nasdaq slipped. Dow Jones fell 1.3% due to UnitedHealth’s 22.4% drop after weak profit report. Eli Lilly surged after positive trial results, oil-and-gas stocks rallied with rising crude prices.

Tech stocks held steady after Taiwan Semiconductor reported in-line profits amid Trump’s trade war. Uncertainty remains high over tariffs and potential impacts on the economy. Trump signals lower tariffs in negotiations. Fed Chair Powell warns of larger-than-expected tariff impacts, raising inflation concerns.

Trump criticizes Fed’s position on interest rates, raising fears of influence on central bank independence. Research suggests past attacks on Fed may have influenced market expectations for lower rates. Bond yields rise slightly, easing fears after last week’s sharp increase. Mixed reports on U.S. economy: strong job market but unexpected manufacturing contraction.

European stock markets slip after European Central Bank cuts main interest rate. Asia markets stronger, with Hong Kong and Japan stocks rising. Uncertainty over tariffs, trade war, and Fed policies continue to impact global markets. Investors cautious amid geopolitical tensions and economic uncertainty.

Read more: Most US stocks rise, but UnitedHealth’s worst day in decades keeps Wall Street in check