Wall Street Drifts Amid Positive Economic Signals, Fed Holds Rates

U.S. stock markets have experienced fluctuations amid ongoing uncertainty due to President Trump's trade policies and their potential economic impacts. While technology stocks, such as Nvidia and Micron Technology, have contributed to the recent downturn, signs of a solid economy persist, with fewer unemployment claims and stronger home sales than expected. The Federal Reserve's decision to keep interest rates steady has provided some market relief, though Fed Chair Jerome Powell highlighted the challenges of predicting future conditions due to high uncertainty. Accenture faced significant losses despite positive earnings, partly due to concerns over reduced federal spending led by Elon Musk's initiatives. The market's recent volatility could be attributed to these mixed signals, alongside anxiety over impending tariffs set for April 2, which may exacerbate inflation pressures.