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According to Strategas Research Partners, the size of the contemplated tariffs to be announced on ... More Wednesday could bring the total to $300 billion, or 1% of U.S. GDP. (Photo by Justin Sullivan/Getty Images)Getty Images While the economic data was a bit softer on the margin last week, markets were likely rattled more by concerns about the upcoming tariff announcements on President Donald Trump’s “Liberation Day,” scheduled for Wednesday, April 2. Though the range of possible outcomes is extensive, the scope and size of the tariffs should be meaningful....

Last week, the S&P 500 hit correction territory, which is defined as a 10% decline from a previous ... high. The pressure on stocks seems to come from an economic growth scare, which includes plunging consumer confidence, with additional fuel provided by the policy uncertainty surrounding tariffs. (Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty Images Last week, the S&P 500 hit correction territory, which is defined as a 10% decline from a previous high. Stocks rebounded on Friday, so the S&P 500 sits a little over 8% below...

The latest jobs report released Friday showed the construction industry increased its pace of hiring while unemployment for workers in the industry also rose. Data from the Labor Department showed that construction firms added 19,000 jobs in February, following a small gain of 4,000 in January. This marked the strongest month of growth since the third quarter of 2024. However, this growth came alongside a rise in the construction unemployment rate, which increased to 7.2% compared to the overall unemployment rate of 4.1% for the month. "The sizable jump in...