Morning Bid: Confidence-Sapped Stocks Find Foothold as Nvidia Awaited
Wall Street stock indexes are all tripping into the red for 2025, awaiting megacap Nvidia's earnings today, amid draining consumer and business confidence hit by uncertainty about Washington's economic policies. U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February, with 12-month inflation expectations surging amid worries that tariffs on imports would raise prices for households. The latest sideswipe from main street has unnerved stock, bond and credit markets across the piece.
- This market downturn serves as a stark reminder of how quickly investor sentiment can shift when faced with uncertainty and conflicting policy signals from governments, highlighting the need for clearer guidance from policymakers to restore confidence in the economy.
- How will the growing economic volatility impact the potential for companies like Nvidia to recover and drive growth in the coming months?