Trump, Dow and PCE
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Shares of Wayfair and RH fell around 4% and Williams-Sonoma dropped 3% after President Donald Trump unveiled a fresh round of tariffs including some that could affect the home-furnishing resellers. Trump announced 50% tariffs on kitchen cabinets and bathroom vanities and 30% tariffs on upholstered furniture.
Stock futures were little changed ahead of an important U.S. inflation reading Friday, although shares of furniture and home goods retailers pulled back sharply after President Donald Trump unveiled new tariffs.
The three indices in this analysis all look as if they are taking a bit of a break, with the Federal Reserve still in focus. At this point, the Fed is expected to cut rates a couple of times, but recent US economic numbers are causing confusion.
U.S. stock futures advanced, touching their highest levels of Friday's session, after the latest reading on the Federal Reserve's preferred inflation gauge showed only a modest increase in prices. The headline PCE Price Index was 0.
Investor's Business Daily on MSN
Stock Market Today: Dow Rises On Fed Inflation Data; Apple Slides (Live Coverage)
Futures for the Dow Jones Industrial Average and the other major stock indexes traded higher Friday as Wall Street reacted to the Federal Reserve's favored inflation gauge, the core PCE price index. Meanwhile, Apple AAPL was an early loser on the stock market today.
TV News Check on MSN
Dow Drops 174, Nasdaq Sinks 113, S&P 500 Slips 33
Wall Street stumbled again Thursday for a third straight loss. The post Dow Drops 174, Nasdaq Sinks 113, S&P 500 Slips 33 appeared first on TV News Check. The post Dow Drops 174, Nasdaq Sinks 113, S&P 500 Slips 33 originally published on TV News Check.
U.S. stocks remained lower in the final hour of trading on Tuesday as the record-setting rally took a pause amid concerns over the [sustainability of the artificial-intelligence boom.](
Investor's Business Daily on MSN
Stock Market Today: Nasdaq, S&P 500 End Winning Streaks; Nvidia, Amazon Weigh On Dow (Live Coverage)
Volume was modestly higher on the Nasdaq exchange and the New York Stock Exchange compared with Monday, in preliminary numbers. On the Nasdaq exchange, falling stocks outnumbered rising issues by more than 3-to-2. On the NYSE, winners edged out losers by roughly 8-to-7.
Wall Street opened in the red on Thursday, as jobless claims fell and GDP was revised higher in the third estimate, while a decline in tech stocks weighed on the Nasdaq Composite. S&P 500 (SP500) -0.6%,