Tech stocks led Wall Street indexes higher after Microsoft and Meta Platforms reported strong quarterly results and confirmed their plans to build out expensive artificial intelligence infrastructure.

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The U.S. economy shrank in the first quarter as imports surged ahead of the Trump administration's import tax and consumer spending eased. Private payroll growth plunged amid high uncertainties rooted in the federal government's chaotic introduction of trade policy.

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The S&P 500 index and the Nasdaq Composite struggled to gain traction after advancing in five consecutive sessions. General Motors joined the list of several other companies in withdrawing its annual outlook amid unprecedented economic uncertainties ignited by the Trump administration.

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Wall Street indexes lacked direction as the busy season of earnings and economic reports got off to a rocky start. Apple, Amazon.com, Meta Platforms, and Microsoft are expected to deliver results that could surpass analysts' expectations.

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The S&P 500 index and the Nasdaq Composite halted a three-day rally and gained more than 3% in the week amid trade policy uncertainties and growing skepticism about the Trump administration.

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China said it has not entered into trade negotiations with the Trump administration and urged the U.S. to remove unilateral tariffs. The U.S. dollar hovered near a four-month low amid waning confidence in its safe haven status.

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Stocks gyrated on Wall Street, tracking the Trump administration's constant flip-flop about the trade policy and the Fed's independence. Donald J. Trump was forced to reverse his position on the Fed and its chief after investors rejected Trump's barbs.

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Wall Street indexes attempted to rebound after falling in the previous four sessions amid growing uncertainties and vicious attacks on the Federal Reserve. The U.S. dollar continues to weaken against the yen, the euro, and the pound. Gold prices extended further into record territory.

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Wall Street indexes are set to close down in the holiday-shortened week as investors fear stagflation risks are rising. Fed Chair Powell confirmed higher prices and lower economic growth are the likely outcome of the Trump administration's tariff war.

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Investors reacted to the latest batch of earnings results, and retail sales advanced in March as consumers snapped up goods ahead of the next round of Trump Tax.

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Investors shifted their attention to corporate releases as earnings season picked up pace, and Bank of America, Citigroup, Johnson & Johnson, Netflix, and American Express were in focus.

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The Trump administration sent mixed signals on tariffs on electronic products, adding to another layer of uncertainty as investors struggle to understand U.S. trade policy. World markets remain cautious about U.S. financial assets.

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After a wild week of swings, Wall Street indexes are set to register a weekly gain of over 4%. The S&P 500 index is still down more than 15% since the start of the Trump administration amid elevated market volatility and waning confidence in the presidential team.

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Investor doubts resurfaced, and stocks resumed their slide amid constant shifts in trade policy announcements by the Trump administration. Investors are seeking larger discounts in U.S. stocks and bonds amid self-inflicted chaos by the White House.

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Wall Street indexes extended five-day losses to more than 12% after the trade war between the U.S. and China escalated and Trump's import taxes kicked in.

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