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Employers hired more people than forecasters had expected in March, showing a job market more resilient than expected right before President Donald Trump's "Liberation Day" tariff announcement shook up the economy. However, the backward-looking data may be of little use in predicting the economy's trajectory in a post-tariff world.

World cocoa, coffee and sugar prices slid again on Friday as markets remained rattled by U.S. president Donald Trump's sweeping 'Liberation Day' tariffs, especially after China retaliated with its own tariffs on U.S. imports. Trump on Wednesday slapped a 10% tariff on most U.S. imports and much higher levies of more than 50% on some counties, prompting a world-wide sell of in stock markets as nations from Canada to China ready retaliation. The bank also said that as 'retaliation day' looms, U.S. consumers of coffee and chocolate should expect more expensive products as top cocoa producer Ivory Coast faces a 21% tariff while No. 2 coffee producer Vietnam faces a 'humbling' 46% levy.

(Bloomberg) -- Nouriel Roubini predicted that the stock market correction may deepen before investor sentiment then stabilizes as US President Donald Trump dials down his global trade onslaught.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersLondon Clears Final Hurdle for More High-Speed Trains to EuropeWhat Would ‘Transportation Abundance’ Look Li

Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.

The Russell 2000 is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential. However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial.

Whether it be online shopping or social media, secular forces are propelling consumer internet businesses forward. Luckily for them, the market seems to believe there is still more growth ahead. This assumption has enabled the industry to fair a bit better than the broader market recently as it has recorded a loss of 5.3% over the past six months versus a 8.1% decline for the S&P 500.

By breaking down physical barriers, consumer internet businesses are reshaping how people shop, connect, learn, and play. These themes have enabled the industry to hold up better than other pockets of the market - over the past six months, the sector’s 5.4% pull back was relatively better than the S&P 500’s 8.2% decline.