Market Volatility: The Roller-Coaster Week for Wall Street
Wall Street faced a turbulent week, with major indexes fluctuating amid U.S.-China tariff discussions and criminal investigations into UnitedHealth Group. Economic data showed mixed results, with a slowdown in retail sales and a dip in producer prices. The market remains cautious as oil prices and interest rates influence investor sentiment.
This week, Wall Street experienced significant volatility as investor sentiment swung between optimism and caution. A tariff truce between the U.S. and China initially boosted the markets, but macroeconomic uncertainties and a criminal investigation into UnitedHealth dampened the euphoria.
UnitedHealth Group's shares lost 7.3% after the Wall Street Journal reported a federal investigation into potential Medicare fraud. Meanwhile, Walmart's stock remained flat despite executives announcing impending price hikes due to high tariffs, even as first-quarter sales exceeded expectations.
Adding to the uncertainty, economic data revealed a slowdown in U.S. retail sales and a surprising drop in producer prices, which Fed officials, including Chairman Jerome Powell, are closely monitoring. With the S&P 500 nearing its all-time highs earlier in the week, markets now await fresh catalysts to guide future movements.
(With inputs from agencies.)
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