Trump’s Shifting Trade Policy Fuels Market Volatility As Fintech Stocks Drop Sharply

Benzinga

Fintech companies tied to consumer spending and small businesses face greater losses as economic concerns weigh on the stock market, according to CNBC. While the Nasdaq declined, Shift4, Toast, and Bill.com experienced even sharper losses.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Fintech companies tied to consumer spending and small businesses face greater losses as

00:05economic concerns weigh on the stock market than according to CNBC.

00:09While the Nasdaq declined, Ship4, Toast and Bill.com experienced even sharper losses.

00:14President Trump's shifting trade policy has unsettled markets.

00:18Treasury Secretary Scott Bessett emphasized the administration's focus

00:21on long-term economic health over short-term volatility.

00:25Fintech stocks are more volatile than traditional banks,

00:28with investors moving in and out based on risk tolerance.

00:31Barclays forecast that Trump's tariff policies could slow U.S. GDP and increase inflation,

00:37potentially leading to another interest rate cut this year.

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