Trump tariffs impacted June inflation
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Stock Market Today: Dow Rises Ahead Of Inflation Data
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The country's largest banks reported earnings that exceeded Wall Street's estimates. Core inflation, calmer than expected, still bothers the Street.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
While tariffs are a tangible worry for investors, something far more nefarious (and important) can weigh on the stock market.
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
The Dow Jones Industrial Average falls 1 per cent to 44,023.29. Read more at straitstimes.com. Read more at straitstimes.com.
So far, the impact of President Donald Trump's campaign of steep tariffs against U.S. trading partners has been difficult to spot in hard economic data, but that may be about to change.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Extreme Greed” zone on Monday.
The latest round of tariff threats from President Trump could spark fresh concerns about inflation, which might force the Federal Reserve to maintain its wait-and-see posture on interest-rate cuts, sa