Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows

The broad market index ended Wednesday’s trading modestly higher, as traders extended the tariff relief rally for a third day.

Microsoft was accused of unfairly overcharging customers of rival cloud companies including Amazon, Google and Alibaba Cloud in a U.K. lawsuit filed Tuesday.

Analyst W. Andrew Carter thinks investors may have underestimated the company’s resiliency against macroeconomic pressures.