Hugh Johnson discusses Trump’s inability to fire Fed Chair Powell, emphasizing Powell’s successful handling of the economy and inflation. Johnson anticipates tariff-related inflation impacting markets, potentially delaying Federal Reserve interest rate cuts. Despite near-term challenges, he remains optimistic about future stock market performance, urging patience.
US stocks: US market ends lower as tech stocks weigh on sentiment
Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the