Get Ready for a Wild Ride in the Stock Market!

As the U.S. stock market gears up, futures are edging down. Investors are on high alert with pivotal inflation data and tariff news just around the corner. While S&P 500 futures dipped by 0.1%, Nasdaq followed suit, also down by 0.1%. Interestingly, Bitcoin is on the rise, hovering at about $106,000.

Trump's Tariffs: A Legal Rollercoaster!

In a dramatic turn of events, a federal appeals court has reinstated former President Trump's controversial tariffs after they were previously overturned. This ruling allows Trump's tariffs—currently set at 10% on numerous imports—to stay effective while the courts sort out their legality. These tariffs, alongside increased rates for specific trading partners, have sparked ongoing negotiations, especially with China, where discussions appear to have hit a wall.

Inflation on the Decline? PCE Report Awaits!

Today's big reveal is the Personal Consumption Expenditures (PCE) report, which is expected to show that inflation has dipped. Analysts predict it will drop to an annual rate of 2.2%, down from March's 2.3%, marking the lowest level since September. Expect details on core inflation rates to shed some light on economic stability, as they are anticipated to hold steady at 2.6%.

Costco Surprises with Positive Earnings!

Costco Wholesale has just unveiled its fiscal Q3 results, surpassing analysts’ expectations by a slim margin. This news comes as the retail giant continues to impress amidst a challenging economic landscape, raising eyebrows and generating buzz among investors eager for insight into consumer behavior.

Stay Updated!

As the trading day begins, keep a close watch on these developments. Each piece of news—from tariffs to inflation—can greatly influence market dynamics. Buckle up!