Dow, China and tariff
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In 100 days full of surprises for investors, the S&P 500 and Dow nearly recouped their April declines – even with a worse-than-expect GDP report.
The Dow Jones spun a tight circle near 42,300 on Tuesday. Markets largely failed to react to US CPI inflation, which eased slightly in April. Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
Ships, trucks and railroads are helping gauge the economic blow from tariffs.
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DoorDash fell 7.4% after reporting weaker revenue than analysts expected for the latest quarter, though it may have also offered a more encouraging snapshot of how U.S. households are doing. The company said order growth in its U.S. marketplace remained healthy and consistent with average growth over the last year.
Audi backed its full-year financial forecasts, but said the difficulty in gauging the impact of tariffs means the guidance doesn't include any potential hit from the duties. The German company ...
The Dow Jones Industrial Average slipped on Friday (May 9) as investors looked ahead to key trade talks between U.S. and Chinese officials scheduled for the weekend. The Dow shed 119.07 points, or 0.29%,
Utz Brands maintained its outlook for the year as it expects a modest impact from tariffs. "Given that nearly all our input costs are sourced domestically and our manufacturing facilities are all in the United States, we expect that recent tariff volatility will have a modest impact on our business in 2025," said Chief Executive Howard Friedman.
US stocks dropped as Wall Street braced for a busy day of Big Tech earnings and digested President Trump's latest move on tariffs.
U.S. futures surged after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating his trade war.