21 March | S&P 500

US stocks decline as markets assess economic and tariff prospects

US stocks decline as markets assess economic and tariff prospects

On Thursday, the US stock market closed slightly lower, wavering between gains and losses as investors assessed the latest economic data and policy statements from the US Federal Reserve amid concerns over tariffs.

The technology sector showed the weakest performance, while the energy sector rose as crude oil prices surged nearly 2 percent after the United States imposed new restrictions against Iran.

On the New York Stock Exchange, falling stocks outnumbered rising ones by a ratio of 1.38 to 1, and on the Nasdaq a similar situation took place at a ratio of 1.72 to 1.

As Reuters notes, selling pressure has become more pronounced over recent weeks amid data suggesting possible cooling of the economy and consumer sentiment following the introduction of reciprocal trade tariffs by the Trump administration.

Wedbush Securities Vice President Stephen Massocca highlights the volatility of the current environment. As he believes, future market dynamics will depend on the news background in the next couple of weeks. According to his estimates, there aren't any particular signs of stabilization so far.

Elena Dorohina MarketCheese
Period: 27.05.2025 Expectation: 50000 pips
Buying BTCUSD amid growing institutional adoption with target 110,000
Today at 12:21 PM 6
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 30.05.2025 Expectation: 5000 pips
Tesla shares correct after explosive gains
Today at 08:25 AM 14
Period: 22.05.2025 Expectation: 600 pips
AUDUSD will grow to 0.64900 amid US rating downgrade
Today at 08:20 AM 10
Gold buy
Period: 23.05.2025 Expectation: 6000 pips
US credit downgrade would send gold to 3290
Yesterday at 11:09 AM 117
Period: 26.05.2025 Expectation: 3000 pips
Fundamental factors constrain SPX's growth potential
Yesterday at 08:27 AM 47
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 23.05.2025 Expectation: 700 pips
Silver will drop to 31.7 amid de-escalation of US-China relations
Yesterday at 07:55 AM 27
Go to forecasts