Spenda Ltd

0.006

+0.000

Volume:30.34K

Turnover:182.00

Market Cap:27.69M

PE:-1.60

High:0.007

Open:0.007

Low:0.006

Close:0.006

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Wall Street Top Strategist: Trump's Tariff Deferral Policy Cannot Eliminate Uncertainty, US Stocks Continue to Face Pressure and Struggle to Sustain a Strong Rebound

Blockbeats

·

11 Apr

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Despite the three major indexes bucking the trend to rise in the bleak April market on Wednesday, the Dow Jones Industrial Average  plummeted 2.5% on Thursday, the S&P 500 Index  tumbled 3.5%, and the tech-heavy Nasdaq Composite Index  plunged 4.3%, sending the market sentiment into a sharp downturn.David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, stated in a phone interview, \"The tariff shadow has not yet dispersed. Coupled with government spending cuts and a tightening immigration policy leading to a labor shortage, the market has realized that the economy is facing a comprehensive impact.\"Kelly pointed out that if the current policies persist, the U.S. economy may face a recession later this year. He believes that for U.S. stocks to stabilize, at least \"tariff policy stability\" and an improvement in international trade relations are needed. 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