UBS: Record-high stocks not a worry, Fed cuts and earnings strength to drive gains

Tariff revenue triples to $30B in July, but court ruling may force billions in refunds. Traders eye potential market shifts.

Court ruling threatens 75% of Trump tariffs, sparking economic uncertainty & potential rate impacts. Stocks dip.

UBS: Record-high stocks not a worry, Fed cuts and earnings strength to drive gains, UBS says strong earnings and Fed cuts make record-high equities no cause for concern.

US tariffs on India hit 50% on 55% of goods; Trump signals no rollback amid trade imbalance.

Indices retreat: Nasdaq -1.5%, S&P 500 -1.2%. Tariffs, yields >4.2%, valuations & weak September data spook traders.

US manufacturing PMI® hits 48.7%, contracting for 6th month. Tariffs bite, impacting factory activity and survival.

August jobs report shows 75k additions, unemployment at 4.3%. Fed rate cut eyed if growth falters.