US Stocks Slip on Friday
U.S. stocks fell on Friday as investors weighed the Federal Reserve’s latest policy update against ongoing trade tensions and recession fears. The S&P 500 dropped 1.1%, even as it attempted to snap a four-week losing streak, while the Dow Jones shed nearly 400 points, or 1%, and the Nasdaq declined 1.3%.
Earlier this week, the Fed held interest rates steady but reaffirmed its forecast for two rate cuts this year, even as it raised its inflation outlook and lowered economic growth projections. Investors are also bracing for President Trump’s reciprocal tariffs, set to take effect in April. Among individual stocks, FedEx plunged over 10% after slashing its full-year guidance, citing “continued weakness and uncertainty” in the economy. Nike dropped nearly 9% after warning of a sales decline this quarter, while Danaher rose 0.3% following an upgrade to "buy" from Goldman Sachs.
Source: Trading Economics