š CONFIDENCE CRASHES, STOCKS CLIMB ā WHAT GIVES?
š S&P 500 +0.16% | Nasdaq +0.46% | Dow +0.01% | Tesla Pops 3.5%
𤯠Consumers Are Nervous⦠But Wall Street Isnāt
Youād think the worst consumer confidence reading in 4+ years would spook the market. Instead? Stocks posted their third straight day of gains.
š§ Why? Because Trumpās tariff bomb may be smaller than expected ā and thatās all investors care about right now.
š” Key Market Drivers Today:
ā
Trump walks back the tariff threat ā a bit. Said he āmay give a lot of countries breaks.ā
ā But donāt exhale yet ā he's still planning new duties on autos, pharma, AND oil trade with Venezuela.
š Consumer Confidence: Cratered to 92.9 from 100.1 ā lowest since 2020
š¬ Economists say this could signal recession if it keeps sliding
š Tesla ($TSLA): Up 3.5% after continued chatter that it may dodge auto tariffs
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