Wall Street Hits New Highs Amid Tariff Tensions and Fed Insights
TL;DR Summary
The Dow Jones and S&P 500 reached new highs as investors reacted to Federal Reserve minutes indicating a potential rate cut and stable inflation expectations. Despite positive earnings reports from companies like CrowdStrike and Workday, their shares fell in after-hours trading. President-elect Donald Trump's proposed tariffs on Mexico, Canada, and China had mixed effects on the market. Meanwhile, the yield on the 10-year Treasury note rose, and small caps like the Russell 2000 pulled back slightly.
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- Trump Tariffs and Fed on Collision Course, Stock Markets Will Be Collateral Damage. And 5 Other Things to Know Today. Barron's
- Wall Street stocks end higher on tech; markets analyze Trump's tariff threats, Fed minutes Reuters
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