Stock market's rallying momentum showed signs of strain in the last two days, with the Nasdaq and S&P 500 dipping temporarily before recovering some losses.
Stock markets gained around $9 trillion in value over the last month due to events like Liberation Day tariffs and concerns about the Fed Chair replacement.
Recent U.S. tariff reductions against China and trading partners pause may impact inflation as companies will eventually pass on tariff-related costs to customers.
While Walmart warns of price hikes due to tariffs, Home Depot assures no price raises, backed by strong supplier partnerships. Home Depot recorded a 9.5% Y/Y revenue increase in Q1.