Stocks Stabilize Amid Falling Oil Prices and Tariff Announcements
U.S. stock indexes stabilized on Friday after a sharp sell-off the previous day, with mixed performance across major indices. The S&P 500 rose slightly while the Nasdaq fell due to weakness in chip stocks despite Intel's strong revenue forecast from data center demand. President Trump announced new tariffs ranging from 10% to 12.5% on imports from 60 countries, citing forced labor concerns under Section 301 of the Trade Act of 1974. These tariffs exclude key sectors like food and automotive but could lead to inflationary pressures. Oil prices retreated after a sharp rise due to Houthi attacks in the Red Sea, which had raised fears over oil supply disruptions. However, continued tanker movements eased concerns slightly.
Topics: geopolitical_risk market_stabilization oil_prices tariffs