Market sentiment was negatively impacted after renewed tariff threats from President Donald Trump rekindled trade war concerns, leading to a sell-off in the previous session. This followed softer than expected producer price inflation data, which amplified market jitters.
- The Dow declined 1.3%.
- US stock futures rose on Friday in what appeared to be a technical rebound.
The decline of this asset, coupled with broader market anxieties stemming from trade tensions and inflation data, signals a period of uncertainty. While a technical rebound might offer short-term relief, underlying concerns suggest continued volatility.