Damn the torpedoes! Stocks go full speed ahead despite declining U.S. shipping and manufacturing data
fortune.com/2025/05/02/stocks-rally-globally-shipping-manufacturing
Stock markets in Asia and Europe rose this morning following an eighth straight day of gains in the S&P 500 and positive earnings data from Apple, Amazon, Microsoft and Meta. But U.S. shipping and manufacturing data show a tariff-induced slowdown is coming with one analyst forecasting an…
This story appeared on fortune.com, 2025-05-02 10:30:40.