Companies are experiencing heightened uncertainty reminiscent of the early COVID-19 pandemic, largely due to President Trump's unpredictable tariff policies, which complicate future planning. Analysts at Morgan Stanley predict the S&P 500 will fluctuate between 5,000 and 5,500, urging investors to seek high-quality stocks in less risky sectors, highlighting firms like Ecolab, Halozyme, Zoetis, Arista Networks, and Apple. The Federal Reserve is taking a cautious approach to interest rate decisions as it awaits clarity on the tariffs' impact.