Sam Stovall, Chief Investment Strategist at CFRA, discusses the market rebounding to 25,000 after it entered correction mode in early February.
Stovall notes that even though the market closed higher for five straight sessions, market turmoil isn't necessarily over yet. He says it's important to pay attention to inflation. Stovall also discusses the debt the U.S. government is accruing with tax reform and the new spending bill.
‘Taco’ chance on the markets’ volatility, this is nacho average opportunity! Plus: Southwest, Boeing, Disney, Nvidia, Stellantis, McDonalds, Warner Brother
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
