US Economic Data and Oil Prices Drive Wall Street Downward

Wall Street declined following weaker US economic data, with flatlining services activity and rising input costs raising concerns about economic growth and the impact of tariffs. Oil prices fell for the fourth consecutive session amid worries of oversupply and weaker demand, while the dollar steadied and market expectations for a Fed rate cut increased to 94%. European markets gained ground, supported by positive earnings and reduced uncertainty, despite ongoing trade tensions and geopolitical concerns.