Stock, tariff and inflation
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The Wall Street Journal |
U.S. stocks sold off on Friday, with investors jolted by hotter-than-expected inflation data, souring consumer sentiment and President Trump’s tariff announcements.
Reuters |
Trump unveiled his plan to implement 25% tariffs on imported cars and light trucks effective next week, while those on auto parts are expected to begin from May 3.
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Adding to concerns, a University of Michigan survey showed consumers’ 12-month inflation expectations soared to the highest in nearly 2-1/2 years in March
Stock market selling picked back up on Friday as worries of “stagflation” trickled through Wall Street. The Dow Jones Industrial Average was down 507 points, or 1.2%. The S&P 500 was down 1.5%. The Nasdaq Composite slid 2%.
The Dow Jones Industrial Average (DJIA) slid on Wednesday as investors remained uncertain about President Trump’s economic plans. That includes
Friday marks the final trading day of the first quarter, and it's been a doozy. At last check, the S&P 500 was down 4.4% year to date. A few factors have been blamed for the market's weakness over the past few months,
Based on Wall Street analyst estimates for 2025 EPS, Amgen trades at 15 times its projected earnings, while Merck sits at a forward P/E of 10. By this measure, Merck is the cheaper stock and a relative bargain, reinforced by its larger dividend yield of 3.4% compared to Amgen's 2.9%.
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