Tuesday saw minimal movement in stocks as investors processed Federal Reserve Chairman Jerome Powell’s cautious interest rate remarks.
Amidst U.S. tariffs and the potential intensification of a global trade war, worries about the economy’s trajectory persist.
There was a 0.1% increase in the Dow Jones Industrial Average. The Nasdaq Composite fell by over 0.2%, and the S&P 500 fell by 0.1%.
In an effort to stop the market’s losses, Apple increased its stock price by more than 2.5 percent when it was revealed that it was collaborating with Alibaba to provide AI features for iPhone customers in China.
Following a solid earnings report, Coca-Cola also saw a roughly 3% increase.
Source (CNBC)
