Momentum stocks decline, S&P 500 weakens amid tariffs

The stock market has been declining for four weeks, with many momentum stocks losing value. The S&P 500, Dow Jones, and Nasdaq fell again after President Trump announced new tariffs on Canada, raising recession concerns. Tesla's stock has struggled, with a relative strength index (RSI) of around 22, indicating weakness. Despite a slight midday gain, Tesla has dropped over 46% in three months. Analysts are divided on the stock's outlook. Amazon's shares have also declined, with an RSI of 26, down more than 16% in the last month. Analysts remain mostly positive, with a consensus price target suggesting significant potential upside. Other companies like ServiceNow and Constellation Energy also reported low RSIs.