Damn the torpedoes! Stocks go full speed ahead despite declining U.S. shipping and manufacturing data

Quick Summary:

Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.

We expect an industrial recession in the coming quarters and no meaningful growth until well into 2026,” he said in a note.

The survey commentary relays that many companies are struggling to cope with the abrupt imposition of tariffs and are having difficulties dealing with customs authorities.

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Article Details

Author / Journalist: Jim Edwards

Category: EconomyBusiness

Markets: United States

Topics: Tariffs Tariffs and trade China Markets Stock exchanges

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 10:30:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 115 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28319677

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Official Website: fortune.com

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News Last Updated: 8 hours ago

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