Following the fall recorded by Wall Street yesterday, which was driven by the tariff factor by Trump who wants to increase tariffs on steel and aluminum to 50%, US stocks on Wednesday were seen recovering ahead of the inflation report to be published tonight.
The US consumer price index (CPI) data is expected to slightly decline to 2.9% for February after rising to 3.0% previously.
Wall Street on Tuesday experienced a decline with major indexes losing each other with the Dow falling 1.14%, the S&P 500 losing 0.76%, and the Nasdaq Composite down 0.18%.
Shares of giant companies were also seen falling with Apple falling 2.9% while Alphabet and Oracle also fell by 1.1% and 3.1%.
Trump's decision to double tariffs on the steel and aluminum industry was driven by the Premier of Ontario, Canada, who wants to impose electricity tariffs on the United States (US) by 25%.
