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US STOCKS-Wall St climbs after string of sharp losses as investors weigh tariff impact
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US STOCKS-Wall St climbs after string of sharp losses as investors weigh tariff impact
Mar 14, 2025 8:15 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click LIVE/ or type LIVE/ in a news window.)

*

Indexes up: Dow 0.59%, S&P 500 0.90%, Nasdaq 1.21%

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Consumer sentiment stands at 57.9 in March

*

Tesla up on report it is planning lower-cost Model Y in

Shanghai

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Bullion miners up as gold prices cross $3,000 mark

(Updates with morning prices)

By Johann M Cherian and Pranav Kashyap

March 14 (Reuters) -

U.S. stocks rose on Friday after a broad selloff on Wall

Street during the week as investors assessed the fallout of

tariff policies on economic growth, while new data signaled

deteriorating consumer sentiment and a surge in inflation

expectations.

A University of Michigan

survey showed

consumer sentiment plunged in March and inflation worries

soared. There are concerns that President Donald Trump's

sweeping tariffs, which have ignited a multi-front trade war,

would raise prices and undercut growth.

All three indexes are headed for weekly declines, with

the benchmark S&P 500 on track for its fourth consecutive week

of declines - its longest weekly losing streak in seven months.

The blue-chip Dow is approximately 9% below its recent

record high and set to record its worst week in two years, if

losses hold.

Global financial markets were roiled by volatility

through the week, with the S&P 500 tumbling into

correction territory, shedding $4 trillion. The tech-heavy

Nasdaq had already entered correction territory the

previous week.

The uncertainty arising from Trump's inconsistent tariff

policies has cast a pall over the investment outlook.

"While we may be getting used to the chaos, it still

seems as though (U.S.) policy is being delivered in a haphazard

manner," said Art Hogan, chief market strategist at B Riley

Wealth. "It's a technical bounce in an oversold market."

Trump's tariffs on metal imports prompted swift

countermeasures from Canada and the European Union this week.

The president has also hinted at the possibility of additional

reciprocal tariffs in early April.

Several brokerages downgraded their ratings on U.S. stocks

and numerous companies issued cautious forecasts, citing

economic concerns.

Investors flocked to safe-haven assets, with gold

breaching the psychological $3,000 mark for the first time ever.

U.S.-listed stocks of bullion miners rose, with Barrick Gold

gaining 1.4%, Gold Fields adding 1% and Sibanye

Stillwater up 3%.

At 10:13 a.m. ET the Dow Jones Industrial Average

rose 240.57 points, or 0.59%, to 41,054.14, the S&P 500

gained 49.88 points, or 0.90%, to 5,571.40, and the Nasdaq

Composite was up 208.84 points, or 1.21%, to 17,511.86.

The week's sharp selloff tempered stock valuations and

analysts say U.S. equities may be poised to recover.

The technology sector, which was among the top

weekly decliners, led sectoral gains by 1.5%.

Tesla edged up 0.3%. A report said the automaker

would make a lower-cost version of its best-selling Model Y in

Shanghai, aiming to regain ground lost during a price war in its

second-largest market.

The U.S. Senate was on the verge of passing a stopgap

spending bill to avert a partial government shutdown.

The central bank's policy decisions will be in the spotlight

in the coming week, with traders betting that the U.S. Federal

Reserve will leave interest rates unchanged, according to data

compiled by LSEG.

Crown Castle ( CCI ) jumped 8.4% after it said it would sell

its fiber assets to two entities for $8.5 billion, nudged by

activist investor Elliott Investment Management.

Advancing issues outnumbered decliners by a 4.49-to-1

ratio on the NYSE, and a 3.11-to-1 ratio on the Nasdaq.

The S&P 500 posted one new 52-week high and four new

lows, while the Nasdaq Composite recorded 22 new highs and 92

new lows.

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