Wall Street stocks fell on Friday amid concerns of stagflation as data revealed consumer strain due to Trump’s tariffs, with the University of Michigan reporting a sharp decline in consumer sentiment and a rise in long-term inflation expectations. Consumer spending rose less than expected, prompting Goldman Sachs to lower its GDP forecast for the first quarter, while the Atlanta Fed revised its estimate to show a contraction. The Fed’s PCE price index indicated inflation above expectations, leading to speculation about potential interest rate cuts despite Powell’s reassurance about the economy’s strength.
Full Article
2 Growth Stocks With Sky-High Potential to Hold for Decades
Investors seeking long-term growth should consider Intuitive Surgical (NASDAQ: ISRG) and Amazon.com (NASDAQ: AMZN), both of which feature strong, scalable business models with recurring revenue. While neither stock is cheap, their robust growth potential makes them solid buy-and-hold options for the future, emphasizing the importance of quality over entry price. Want More Context? 🔎
Read more