Trump Tariffs Rekindle Wall Street

thecekodok


Following President Donald Trump's announcement that he will impose 25% tariffs on steel and aluminum starting Monday, US stocks have recovered after opening lower today.


The focus of the week will be US consumer inflation (CPI) on Wednesday, followed by jobless claims and producer inflation (PPI) on Thursday.


Companies such as McDonald's, Vertex Pharmaceuticals and Crown Castle International will be in the spotlight as investors report earnings.


Another big focus will be a statement by Federal Reserve Chairman Jerome Powell, who will provide clues about future changes to interest rates.


On Friday, the Dow and S&P 500 both fell about 1%, while the technology stock index, the Nasdaq, fell 1.36%.

Tags