Wall St wavers after weak consumer confidence data; focus on tariffs
Source: Reuters
Wall Street's primary indexes wavered on Tuesday, as signs of a further deterioration in consumer mood tempered investor optimism that the Trump administration could take a lenient approach on trade policies next week.
A Conference Board report showed that an index tracking consumer confidence dropped to 92.9 in March, at a time when worries persist that a global trade war could fan inflation and slow the economy. Economists were expecting the index to stand at 94.
In a brief respite for markets, U.S. President Donald Trump on Monday, suggested that not all proposed levies would be enforced by April 2, with some countries potentially receiving exemptions.
However, the looming uncertainty surrounding Trump's fluctuating tariff strategy has weighed on market sentiment, with the benchmark S&P 500 on track for annual declines.
Read more: https://www.reuters.com/markets/us/wall-st-futures-slip-trump-led-rally-loses-steam-2025-03-25/