Mar 18, 2025 10:00 AM | UPDATED: Mar 18, 2025 12:01 AM | 5 min read
#New York
US stocks are holding steadier Monday in a slowdown from their scary roller-coaster ride in recent weeks. It may not last long, though, with a decision by the Federal Reserve on interest rates coming later in the week and worries continuing about President Donald Trump’s trade war.
The S&P 500 was 0.75 per cent higher in afternoon trading, coming off its fourth straight losing week. The Dow Jones Industrial Average was up 407 points, or 1 per cent, as of 11.30 pm Indian Standard time, and the Nasdaq composite was 0.58 per cent higher.
Stocks have been tumbling recently on worries that Trump’s rat-a-tat announcements on tariffs and other policies are creating so much uncertainty that they will push US households and businesses to freeze their spending, which would hurt the economy.
BOJ’s decision
The Bank of Japan is widely expected to keep its policy rate unchanged at 0.5% at the end of a two-day meeting on Wednesday, as the central bank takes time to assess the impact of its last rate hike. The BOJ increased interest rates in late January, saying that the economy is moving in line with its projections.Agencies
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