What’s Driving Sentiment Around Tariffs?
President Donald Trump’s “reciprocal” tariffs went into effect at midnight Thursday, imposing some of the steepest duties on Syria (41%), Laos (40%), and Myanmar (40%).
Markets initially found support after Trump said his 100% tariff on imported semiconductor chips would not impact companies manufacturing domestically.
Investors continue to watch for clarity on how these measures will affect corporate supply chains, margins, and consumer costs. Thomas Martin of Globalt Investments noted that while some tariff uncertainty has eased, the broader impact remains a key concern for market direction.
What’s the Latest on the Federal Reserve?
In a notable policy move, Trump nominated Stephen Miran, current chair of the Council of Economic Advisors, to join the Federal Reserve Board of Governors following Adriana Kugler’s resignation.
Miran will serve the remainder of Kugler’s term, set to end in January. His appointment will be closely watched for potential influence on Fed policy, especially as traders monitor interest rate expectations.
Market Forecast: Can Weekly Gains Hold?
Heading into Friday’s session, the S&P 500 is up 1.6% for the week, the Dow is on pace for a 0.9% advance, and the Nasdaq is set for a 2.9% rise.