Lates News

US stocks fell significantly in early trading, with data showing that the US growth momentum weakened at the beginning of 2025 and signs of stubborn inflation, fueling concerns that trade conflicts with President Trump could further exacerbate economic damage. As of 9:30 New York time, the S&P 500 index fell by 1.4%, the Nasdaq 100 index dropped by 1.9%, and the Dow Jones Industrial Average fell by 0.7%. The US stock market paused its six-day rally. Caterpillar, as an economic barometer, expects a slight decrease in sales this year if tariffs continue and the US enters a recession. Microsoft and Meta Platforms Inc. will announce their financial reports after the market closes. The yield on 10-year US Treasury bonds remained steady at 4.17%. The US economy experienced its first contraction since 2022 at the beginning of this year, mainly due to a surge in imports before tariffs were implemented and a slowdown in consumer spending.