empty
11.03.2025 02:32 PM
Trump's meeting with Wall Street leaders set to stabilize market

Amid a sharp decline in US stock markets, President Donald Trump will meet with chief executives of major companies today as industry leaders try to navigate the uncertainty surrounding widespread tariffs and market sell-offs driven by recession fears. Trump is expected to inquire about the state of the economy and the outlook for the coming months, with the aim of reassuring investors and the public.

This image is no longer relevant

The White House hopes the meeting will demonstrate the administration's confidence in the stability of the economy, despite fluctuations in the stock market. The Trump administration stresses that key economic indicators such as employment and consumer spending remain strong.

However, experts point out that growing concerns over the trade war with China and its potential impact on the global economy are undermining investor confidence. Uncertainty about global economic growth continues to drive capital outflows from the equity market, contributing to the recent sharp decline in stock prices.

Trump's meeting with business leaders will serve as a crucial test of the administration's ability to stabilize the situation and convince markets that the US economy can withstand external shocks.

According to experts, the meeting with the Washington-based Business Roundtable will include executives from major companies across the country, including the heads of Wall Street's credit giants.

Trump's victory in the presidential elections initially sparked optimism among bank executives, but markets have recently been less confident in his approach, rattled by tariffs and growing concerns about an economic slowdown. Last week, Trump suggested that a period of market correction might be inevitable, particularly once the tariffs take effect. The banking sector, dependent on a stable macroeconomic environment, has found itself in a state of uncertainty, leading to volatility in equity markets, reflecting concerns about trade wars and their impact on the global economy. Major financial institutions have begun to revise their forecasts, considering the possibility of declining profitability.

Trump's comments on an inevitable market correction have added to the nervousness. Fearing losses, investors have started reducing their positions in riskier assets, contributing to a decline in stock prices of banks and other financial companies.

The meeting is expected to be attended by Chuck Robbins, CEO of Cisco Systems Inc., Jamie Dimon, CEO of JPMorgan Chase & Co., Jane Fraser, CEO of Citigroup Inc., and several other prominent Wall Street giants.

Will this meeting help stop the panic selling in the stock market? It is possible. But the question remains: how long will this support last before a new wave of index declines?

Technically, the S&P 500 continues to fall. The key task for buyers today will be to overcome the nearest resistance level of $5,645. This will help sustain growth and open up the possibility of a rally to the next level of $5,670. Equally important for bulls will be to take control of the $5,692 mark, which would strengthen their position. If the market moves lower on reduced risk appetite, buyers will need to make their presence known around $5,617. A break below this level will push the index back to $5,594 and open the path to $5,567.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Update on US stock market on July 9: consolidation stage. Bank stocks decline

S&P500 Snapshot of major US stock indices on Tuesday: Dow -0.4%, NASDAQ -0.1%, S&P 500 -0.1%, S&P 500 at 6,225, within the range of 5,900 to 6,400 A lack

Jozef Kovach 12:55 2025-07-09 UTC+2

Stock market on July 9: S&P 500 and NASDAQ struggle to gain ground

US stock indices closed mixed on Monday, reflecting growing uncertainty in investor sentiment. The S&P 500 dipped slightly by 0.07%, the Nasdaq 100 made a modest gain of 0.03%, while

Jakub Novak 11:22 2025-07-09 UTC+2

Stock market on July 8: S&P 500 and NASDAQ continue their decline

US stock indices closed lower yesterday, extending recent losses. The S&P 500 dropped by 0.79%, while the Nasdaq 100 fell 0.92%. The industrial Dow Jones index retreated by 0.94%. Asian

Jakub Novak 10:48 2025-07-08 UTC+2

US market retreats on Trump tariffs. Correction ahead?

S&P 500 Overview for July 8 US market pulls back on Trump tariffs Major US indices on Monday: Dow -0.9%, NASDAQ -0.9%, S&P 500 -0.8%, S&P 500: 6,230, trading range

Jozef Kovach 09:52 2025-07-08 UTC+2

Stock market on July 7: S&P500 and NASDAQ drop

Last Friday was a public holiday in the US, so trading was not conducted. However, today, at the opening of the Asian session, index futures declined while the US dollar

Jakub Novak 13:41 2025-07-07 UTC+2

Stock market on July 4: S&P 500 and NASDAQ hit fresh all-time highs

US stock indices closed higher yesterday. The S&P 500 rose by 0.83%, while the Nasdaq 100 added 1.02%. The Dow Jones Industrial Average advanced by 0.77%. During today's Asian trading

Jakub Novak 12:59 2025-07-04 UTC+2

Update on US stock market on July 4

S&P500 Snapshot of major US stock indices on Thursday: Dow: +0.8% NASDAQ: +1% S&P 500: +0.8% S&P 500 closes at 6,279, within a trading range of 5,900 to 6,400

Jozef Kovach 12:47 2025-07-04 UTC+2

Update on US stock market on July 3. SP500 and NASDAQ update their highs

The S&P 500 rose by 0.47%, while the Nasdaq 100 gained 0.94%. The industrial Dow Jones, however, slipped by 0.02%. Asian stock indices posted modest gains ahead of the upcoming

Jakub Novak 13:15 2025-07-03 UTC+2

US stock market: S&P 500 hits new record high

S&P500 Snapshot of major US stock indices on Wednesday: * Dow: +0.0% * NASDAQ: +0.9% * S&P 500: +0.5% * S&P 500 closed at 6,227, trading within a range

Jozef Kovach 13:15 2025-07-03 UTC+2

US equities: bulls steady, broader market leads

S&P 500 Overview on July 2 US market: bulls hold their ground, broader market leads The main US indices on Tuesday: Dow +0.9%, NASDAQ -0.8%, S&P 500 -0.1%. S&P

Jozef Kovach 13:04 2025-07-02 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.