Josh Schafer

1 week ago | ca.finance.yahoo.com | Josh Schafer

In This Article: US stocks tumbled on Wednesday as investors were reminded of the costs President Trump's tariffs will have for major companies and the challenges these policies may present for the broader US economy. The market sell-off intensified in the final hours of trading as Federal Reserve Chair Jerome Powell delivered perhaps his starkest warning yet on the potentially stagflationary effects of Trump's tariff policies.

1 week ago | ca.finance.yahoo.com | Josh Schafer

In This Article: Retail sales rose more 1.4% in March, matching forecasts and serving as the best reading in over two years in the latest sign of the US economy's resilience before this month's sweeping reciprocal tariff announcements. Headline retail sales rose 1.4%% in March, matching economists expectations, and well above the 0.2% increase seen in February according to Census Bureau data. This was the best monthly increase since January 2023.

1 week ago | ca.finance.yahoo.com | Josh Schafer

The fallout from President Trump's tariff announcements and revisions hasn't yet pushed investors to shy away from an old habit: buying the dip. Data from VandaTrack showed the week following "Liberation Day" saw "record dip-buying flows from retail investors," including $3 billion in net purchases on April 3, the largest daily total since VandaTrack began collecting this data in 2014.

1 week ago | ca.finance.yahoo.com | Josh Schafer

In This Article: Investor confusion amid tariff whipsaw has brought at least two Wall Street strategists to the same place: the Oscar-winning 1994 film Forrest Gump. "As Forrest Gump might have said, 'Tariffs are like a box of chocolates, you never know what you're gonna get," Yardeni Research president Ed Yardeni wrote in a note to clients on Sunday night.

1 week ago | yahoo.com | Josh Schafer

Stocks ended the week higher after a turbulent week of fresh tariff headlines driving the market action. But even after the S&P 500's (^GSPC) best week in over a year, the benchmark index is still down 6% since President Trump's April 2 tariff announcement. Meanwhile the Nasdaq Composite (^IXIC) and Dow Jones Industrial Average (^DJI) are off roughly 5% in the same period. In the week ahead, any incremental news on tariffs will be in focus. On Saturday news of exemptions on tariffs to China spread.