Wall St Week Ahead: Recession worries simmer beneath US stock market rally

April 29, 2023

US transportation and semiconductor stocks, along with small-cap stocks, have experienced a drop during April, indicating concerns over economic growth. Experts point to fears of a recession and the Federal Reserve’s aggressive monetary tightening as reasons for investors’ caution. Economically-sensitive sectors such as utilities and healthcare have rallied in recent weeks, while concerns over a possible US default and global trade disputes have raised concerns about economic growth across markets.

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Japan’s Nikkei surges nearly 3% as AI stks extend rebound

Japan’s Nikkei index jumped nearly 3% on Tuesday as AI and semiconductor stocks recovered from Friday’s sharp selloff. SoftBank Group surged over 14%, leading the

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