Americans pulled back significantly on spending
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Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
You may see some price increases from tariffs in your shopping, but you won't see them in Wednesday's official report on inflation in April, forecasters say.
Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
US stock futures backed off on Tuesday as economic worries replaced US-China trade truce euphoria in the wait for the latest US consumer inflation report to reveal the impact of tariffs.
The Dow fell, while the S&P 500 and Nasdaq rose Tuesday as the stock market reacted to the latest CPI inflation report. AI stocks rallied.
U.S. Treasury yields inched lower as investors weighed the state of the U.S. economy amid a tame inflation report and the U.S.-China trade agreement.
Analysts are still crunching the numbers on the impact of President Donald Trump's executive order from Monday on drug pricing. HSBC analyst Rajesh Kumar says a 20% price cut in government channels could result in 15% operating profit cuts in the industry.
US Stock market today saw Dow, S&P 500, and Nasdaq futures dip as investors awaited key retail sales and inflation data. With Walmart’s earnings and Fed Chair Jerome Powell’s speech on deck, traders are cautious amid fading trade deal optimism.
Wall Street's main indexes were subdued at the open on Tuesday, as investors assessed the latest inflation numbers and their impact on monetary policy after markets came off sharp gains from the temporary Sino-U.