inflation, stock futures
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Inflation eased to 4-year low
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Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
13hon MSN
Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war.
Futures tracking the Dow Jones Industrial Average fell 207 points, or 0.5%, and S&P 500 futures slipped 0.3%. Contracts tied to the Nasdaq 100 were down 0.2%, putting the tech-heavy gauge’s six-day winning streak at risk.
As President Trump’s Middle East trip continues, investors are refocusing on the basics with Walmart earnings, producer inflation, remarks from Federal Reserve chairman Jerome Powell and a reported blockbuster retail merger.
Although they long for more clarity about tariffs, investors are nervous about sitting on the sidelines as stocks climb.
Stocks are edging higher on Wall Street and adding to gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war. The S&P 500 rose 0.2% Wednesday morning.
Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations.
Stocks are wavering on Wall Street and holding on to gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war
Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.