Wall Street Teeters Amid Tariff Uncertainty and Economic Jitters

U.S. stock futures show instability as investors await economic data and clarity on new tariffs from the Trump administration. Temporary relief came when not all tariffs were enforced. Consumer confidence hit a four-year low, signaling economic uncertainty. Investment banks may cut jobs, while stocks fluctuate.

U.S. stock futures wavered on Wednesday as investors exercised caution, eyeing upcoming economic data and awaiting further clarity on the Trump administration's upcoming tariffs. While a brief respite occurred as President Trump hinted at possible exemptions, transparency remains lacking.

Despite a brief stabilization, investor uncertainty persists over tariff sizes and potential retaliation by global trading partners. This economic ambiguity was underpinned by a recent drop in U.S. consumer confidence, pointing to widespread concern over tariffs' domestic impact.

Economic instability risks extending to the labor market, as analysts predict further job cuts in investment banking due to dwindling deal prospects. Stock indices remain volatile, with investors shifting attention to a crucial inflation gauge. Notable stock fluctuations included Dollar Tree's rise and GameStop's significant jump as it embraced bitcoin.

(With inputs from agencies.)