US EditionWall Street wobbles ahead of new retail sales data and public appearances by Fed officials
- Wall Street showed mixed early trading on Wednesday with small gains in S&P 500 and Nasdaq futures ahead of U.S. Retail sales data and Fed official speeches.
- This cautious trading followed a Monday agreement between the U.S. And China to pause their trade war for 90 days to allow negotiations amid market uncertainty.
- American Eagle Outfitters announced a $75 million merchandise write-down and expects first-quarter revenue to drop 5%, causing its shares to fall over 14% before markets opened.
- Asian markets rallied on hopes for export demand during the tariff pause, with Hong Kong's Hang Seng up 2.3%, Shanghai Composite rising 0.9%, and tech giants Tencent, Baidu, and Alibaba gaining 3%-4%.
- Investors remain cautious as inflation cooling for three months and Fed rate freezes contrast with concerns about tariffs’ economic impact and unclear indications from Fed officials on future interest rates.
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Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials
Wall Street bounced between small gains and losses in meek trading as markets await the latest data from the retail sector and any hints from Federal Reserve officials about the U.S. central bank’s future interest rate decisions. Futures for the…
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Total News Sources14
Leaning Left1Leaning Right2Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
C 77%
15%
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