Following Warren Buffett's retirement announcement as CEO of Berkshire Hathaway, the S&P 500 index ended a historic nine-day winning streak and is projected to open lower. Pre-market trading shows a 0.8% decline for both the S&P 500 and its corresponding ETF. Meanwhile, President Trump will meet Canadian Prime Minister Mark Carney to discuss tariffs, though experts predict limited relief. The Federal Reserve's upcoming meeting is also generating concern with expectations that interest rates will remain unchanged. Despite several companies reporting positive earnings, analysts express an overall pessimistic outlook for the market.
The S&P 500 is poised for another drop amid the announcement of Warren Buffett's retirement from Berkshire Hathaway, breaking its historic winning streak.
President Trump is set to discuss tariffs with Canada's new prime minister, with expectations low for immediate relief during their meeting.
Analysts remain cautious despite several companies reporting earnings beats, indicating that investor sentiment may not improve in the near term.
The Federal Reserve's upcoming meeting raises questions about interest rates, with experts predicting they will remain unchanged, adding to market uncertainty.
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