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S&P 500 Global Sectors ranking: Pharmaceuticals, Biotechnology, and Durable Goods, Clothing, etc. have declined.
Closing price Previous day change S&P 500 5659.91 -0.07%■Top rising categories Autos and Components 160.57 +4.29% Energy 630.94 +1.04% A-REIT ETF 259.69 +0.71% Technology - Hardware - Equipment 3737.02 +0.39% Materials 533.96 +0.25%■Top declining categories Pharmaceutical and Biotechnology 1194.34 -1
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Trump Floats 80% China Tariff, Says Many Trade Deals 'In the Hopper'
Trump Seeks Tax Hike on Those Making $2.5 Million or More
Federal Reserve's Barr warns: tariffs raise inflation and slow down the economy, the Federal Reserve may find itself in a dilemma.
1. Federal Reserve Board member Michael Barr warned that the trade policies of the Trump administration could raise inflation, slow economic growth, and increase unemployment, posing challenges for policymakers; 2. Barr believes that tariffs may disrupt global supply chains, creating sustained upward pressure on inflation and potentially exacerbating supply chain chaos.
Trump Team Hopes to Lower Tariffs in China Talks