Trump, Wall Street
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Trump, Dow Jones Industrial Average
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Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures.
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Investor's Business Daily on MSNDow Jones Futures Fall With Trump Tariffs Topping Liberation Day Highs; Inflation, Earnings LoomDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, with overall Trump tariffs set to top April 2 Liberation Day levels.
A fresh bout of technical weakness has dragged the Dow Jones Industrial Average back below 44,400 following a strong bullish performance through the last third of June. The major equity index peaked near 44,800, failing to breach all-time highs north of the 45,000 handle.
The S&P 500 has outpaced the Dow Jones Industrial Average despite President Trump's rejection of exceptions to the Aug. 1 date he set to launch his latest tariffs. Meanwhile, the Nasdaq has had a day in the green.
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Investor's Business Daily on MSNDow Jones Futures: The New Trump Tariffs Deadline; Tesla Skids As Musk Forms Political PartyPresident Trump says he'll send out tariff letters to other countries starting Monday, but this is the real deadline. Elon Musk is forming a political party. Tesla rival Uber leads five stocks in buy zones.
Canola producers must still navigate the U.S. trade dispute, Chinese tariffs on canola products and poor growing conditions in parts of Alberta.