The U.S. stock market remains deeply in the red, with a barrage of on-and-off tariff announcements by U.S. President Donald Trump creating confusion and uncertainty. Two weeks ago, Trump unveiled steep tariff hikes, before turning around and issuing a 90-day pause on what the administration calls ‘reciprocal tariffs.’ Trump announced that a baseline tariff rate of 10% would remain in effect during the negotiation period. Energy (-3.3% YTD) is among the nine sectors of the stock market in the red so far in the year, with only Utilities…
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