Inflation, Tariff Impact
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US PCE inflation came in as expected, albeit with upside revisions to previous data.
US stocks moved lower Wednesday as investors cautiously counted down to Nvidia's (NVDA) earnings report, seen as a crucial test of hopes for Big Tech amid tariff uncertainty. The Dow Jones Industrial Average (^DJI) fell around 0.
US indexes inched up on Thursday, giving up most gains as investors assessed the latest trade developments after an appeals court reinstated Trump's tariffs.
The Dow Jones Industrial Average (DJIA) is slightly lower on Wednesday, easing below 32,100 as equity traders await key earnings reports from tech heavyweight Nvidia (NVDA). The Federal Reserve’s (Fed) latest Meeting Minutes showed that the major central bank is still apprehensive about adjusting policy rates in the face of looming impacts from the Trump administration’s tariff policies.
President Donald Trump said over the holiday weekend that he agreed to delay tariffs of 50% on the European Union.
Earlier, the White House threatened to take the case to the Supreme Court on Friday if its appeal was not granted.
Follow along for the latest tariff news, plus live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Shares of Movado declined after the watch brand company said it plans to raise some prices as a result of economic uncertainty and unpredictable impacts from tariffs. Shares fell 6.8% to $16.24 during Thursday's trading,
S&P 500, Nasdaq, Dow Jones will look to begin the month of June in green. The coming week also brings a raft of economic and labor market data, headlined by the monthly U.S. employment