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After a brief rally, Wall Street strategists believe the stock sell-off has further to go, with the S&P 500 down over 10% in less than a month. Concerns over President Trump's policies, economic growth, and the impact of tariffs on consumer and business spending persist, with strategists cutting year-end targets but still anticipating a rebound later this year. Corporate earnings reports, starting April 11, will provide more clarity on the economic landscape.
Stock futures remained mostly unchanged as investors awaited Nvidia"s quarterly earnings report, with Dow futures up 56 points and Nasdaq 100 futures slightly higher. Nvidia shares rose nearly 5% in anticipation of strong demand for its Blackwell AI chips, which could influence market trends for the S&P 500 and Nasdaq Composite. Additionally, Comcast plans to spin off its cable networks, including MSNBC and CNBC, with the separation expected to take about a year.
Lori Calvasina
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Wall Street strategists predict further stock sell-off amid economic uncertainties
11:00 18.03.2025
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00:02 20.11.2024
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