Stock Market
Stocks fell on Thursday due to new tariff threats from President Donald Trump, causing market correction. Concerns over trade policies and inflation data affecting investor sentiment. Cruise stocks declined, but Barclays analyst called fears 'overdone.' Wolfe Research advised against buying cryptocurrencies. Boeing undervalued, gold near record high. Market volatility led to declines in S&P 500 and Nasdaq. Proposed ceasefire in Ukraine rejected. Houlihan Lokey upgraded, American Eagle Outfitters downgraded. Asia-Pacific markets fell after U.S. inflation report. Dan Niles believes tech stocks affected by revenue growth concerns. Unwinding of investor positioning also impacting markets.
Key Points
- Market correction due to tariff threats
- Inflation data affecting investor sentiment
- Boeing undervalued with growth potential
- Gold price near record high
Pros
- Encouraging signs in inflation data
- Long-term growth potential in Boeing
- Gold near record high
Cons
- New tariff threats from President Trump
- Market correction due to trade policies
- Decline in cruise stocks