Choppy Trading Amid Tariff Tensions Roils Wall Street

Wall Street experienced volatile trading due to fears of a global trade war overshadowing data indicating a slowdown in U.S. inflation. Tariffs imposed by the U.S. on steel and aluminum led to retaliatory measures from Canada and the EU. Tech stocks rebounded, while consumer staples dropped.

In a session marked by volatility, Wall Street's key indexes fluctuated on Wednesday as concerns surrounding a potential global trade war overshadowed a report showing a decline in U.S. inflation figures for February.

Despite the positive news on inflation, market caution remained prevalent due to the aggressive 25% steel and aluminum tariffs initiated by the Trump administration, which prompted swift retaliatory measures from Canada and the European Commission.

The technology sector showed resilience with a 1.4% rise, while consumer staples suffered amid a 7% slump in Brown-Forman. Analysts warn the uncertain trade environment may lead to capital outflows and a potential increase in domestic inflation.

(With inputs from agencies.)