US EconomyApr 16, 2026, 8:15 PM ETAFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVV, IVW, IWC, IWM, IWN, IWO, IWP, IWR, IWS, IYY, QQQ, SPLV, SPMD, SPMO, SPSM, SPUS, SPUU, SPVM, QVMT, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SPYD, SPYG, SPYV, SPYX, SQLV, SSO, SSPY, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, MAGSAdvisor Perspectives Charts6.63K FollowersCommentsThe NFIB Small Business Optimism Index fell 3.0 points to 95.8, dropping below the index's historical average for the first time since April 2025.The decline was primarily driven by a sharp 11-point drop in positive profit trends and a 7-point decline in those expecting better business conditions.The Uncertainty Index jumped to 92 (well above the average of 68), while inflation returned as a top-three concern.Luis Alvarez/DigitalVision via Getty ImagesBy Jennifer NashOriginally published on April 15, 2026The NFIB Small Business Optimism Index fell 3.0 points to 95.8, dropping below the index's historical average for the first time since April 2025. This was belowThis article was written byAdvisor Perspectives Charts6.63K FollowersAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.Comments