Busy US earnings week confronts market


Turbulence ahead: A trader on the floor of the New York Stock Exchange. Economists are saying that there is now a 45% chance the US will enter a recession next year. — AP

NEW YORK: A heavy slate of US company results this week will test a stock market shaken by a US trade policy overhaul that upended the outlook for the global economy and corporate America.

Investors remain on edge after President Donald Trump’s sweeping April 2 tariff announcement stunned markets and sparked some of the most volatile trading since the onset of the Covid-19 pandemic five years ago.

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