Stocks Push Higher on Strength in Magnificent Seven Stocks [Globe and Mail, The (Toronto, Canada)]
Meta Platforms, Inc. - Class A (META)
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Source: Globe and Mail, The
Stock indexes are moderately higher today, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting 2-week highs. Stocks extended Monday's sharp gains in hopes that next week's upcoming US reciprocal tariffs would be more targeted than previously stated and narrower than initially planned, with Mr. Trump saying, "I may give a lot of countries breaks." Strength in the Magnificent Seven stocks today is supporting gains in the broader market. Stock gains are limited after US Mar consumer confidence fell more than expected to a 4-year low, boosting concerns about an economic slowdown. The US Jan S&P CoreLogic composite-20 home price index rose +4.67% y/y, below expectations of +4.80% y/y but the fastest pace of increase in 5 months. US Feb new home sales rose +1.8% m/m to 676,000, weaker than expectations of 680,000. The Conference Board's US Mar consumer confidence index fell -7.2 to a 4-year low of 92.9, weaker than expectations of 94.0. The US Mar Richmond Fed manufa
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