US Services Sector Slows Sharply As Hiring Drops, Tariff Pressures Mount - Apple (NASDAQ:AAPL), Bank of America (NYSE:BAC)

U.S. economy slowing heading into tariffs turbulence | Honolulu Star-Advertiser

WASHINGTON >> The U.S. services sector slowed to a nine-month low in March, backing expectations that economic growth likely stalled in the first quarter amid uncertainty caused by import tariffs.

US Services Sector Slows Sharply As Hiring Drops, Tariff Pressures Mount - Apple (NASDAQ:AAPL), Bank of America (NYSE:BAC)

Trump's tariffs cause market drop and strain in corporate health indicators, raising concerns for US economy and services sector growth.

US service sector growth nearly brakes in March

By Lucia Mutikani

U.S. service sector activity cooled more than expected in March, as U.S. President Donald Trump's growing tariff list began to feel. Trump's new tariffs on imports from Canada, Mexico, and China came into effect in March, as well as heavy tariffs on steel and aluminum.The Institute of Supply Management's (ISM) service index dropped to 50.8 points from 53.5 points in February.The drop exceeded the 52.8 points forecasted by briefing.com analysts, …

Tariffs target products, but the service sector could feel them too - Marketplace

A range of services — hotels, restaurants and software — may also suffer as discretionary spending dries up.

The business activity index rose to 55.9 points, 1.5 points above the February register, so it remains in territory of expansion. Meanwhile, the new order indicator dropped 1.8 points, to 50.4. Prices have slowed their growth in March, with a 1.7 point drop to 60.9 points, while the inventory index remained for the second month in territory of expansion despite yielding from 50.6 points in February to 50.3.