Asian shares are mixed, with Chinese markets gaining after Wall Street extended its losses on worries over inflation and tariffs. Hong Kong’s benchmark jumped 2.5%. On Tuesday, the S&P 500
Henry Schein forecast annual profit below Wall Street estimates on Tuesday as the dental and medical products distributor faces tepid demand amid persistent inflation.
U.S. economy faces inflation concerns but Wall Street stays strong on Ukraine peace talks and Trump's tariff plan. Inflation rises, with energy prices up, but Fed delays rate cut. Intel surges on govt support for domestic chip production and possible partnership with TSM.
Stay ahead this week with updates on Nvidia earnings, key inflation data, and GDP insights. Discover market trends and top earnings reports.
Inflation probably isn't going back to 2% without a recession, according to Barry Bannister, Stifel's top stock strategist.
Consumer confidence dropped sharply in February, with the Conference Board's index falling to 98.3, driven by inflation concerns and labor market pessimism. Growth stocks declined while bonds rallied, with the Nasdaq Composite down over 1% and the 10-year Treasury yield dropping to 4.3%.
Wall Street eased from record highs after Walmart forecasted slower sales, and saw its stock drop. The outlook raised concerns about consumer spending and economic growth, while investors also assessed signals from the Federal Reserve and trade policy uncertainties.
Wall Street is falling again Tuesday as U.S. households get more pessimistic about the economy because of inflation, tariffs and other policies coming from Washington.