US stocks fell nearly 1%, waiting for the progress of trade negotiations and the Fed's interest rate meeting
U.S. stocks closed lower for two consecutive days, with the three major indexes falling ne
The U.S. stock market closed lower for two consecutive days, with the three major stock indexes falling by nearly 1%. The market is closely watching the progress of negotiations between the United States and its trading partners and focusing on the Federal Reserve's two-day interest rate meeting, which is the first interest rate meeting after the United States announced reciprocal tariffs.
In addition, companies accelerated imports of goods ahead of the implementation of tariff measures, causing the U.S. trade deficit to widen to $140.5 billion in March, a record high.
The Dow Jones Industrial Average fell below 41,000 and closed at 40,829, down 389 points, or 0.95%. The S&P 500 closed at 5,606, down 43 points, or 0.77%. The Nasdaq index closed at 17,689, down 154 points, or 0.87%.
Ford Motor's results last quarter exceeded expectations, but the company withdrew its full-year guidance as tariffs were expected to result in a $1.5 billion loss. Its stock price rose nearly 3% against the trend. AMD's profit and revenue last quarter both slightly exceeded expectations, and its stock price rose and then fell in after-hours trading, falling about 1% in early trading.
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