Trade Frictions Return

12%its chance, of the story’s futures

−0.1%on the S&P 500, if it happens

The company previously said tariff effects were limited, but investors remain alert to trade policy and export-control risks around AI hardware supply chains. The impact depends on whether current arrangements remain manageable or new restrictions disrupt component flows.

What it moves

Technology−0.1%
Industrials−0.1%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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