US stocks slip as economic, tariff outlook eyed

Quick Summary:

US stocks closed slightly lower on Thursday after veering between gains and losses as investors gauged the latest round of economic data and the Federal Reserve's policy statement against tariff concerns.

"We're putting a bottom in here, but when I survey the near-term news flow, I don't have a lot of hope that we're going to suddenly leap out of this," he added.

Technology was among the weakest of the 11 major sectors and the biggest downside weight, while energy advanced as crude prices rose nearly 2% after the United States issued new Iran-related sanctions.

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Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: RateCuts Markets USMarkets TechStocks /Business/ EconomicData VolatileTrading TariffConcerns EnergyGains FedPolicy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 06:04:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Star

News ID: 27203388

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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