"The White House has taken aim at Amazon.com for its response to tariff-related cost increases, labeling it a "hostile and political act.""
"Amidst tariff concerns, the three major stock averages are moving fractionally, with the Nasdaq Composite seeing slight declines, whereas the Dow is experiencing modest gains."
In the face of ongoing tariff discussions, Corporate America continues to release Q1 earnings, revealing mixed market reactions. The White House has criticized Amazon's handling of tariff-related costs, labeling it a hostile move. Major stock indices are fluctuating slightly, reflecting investors' caution. General Motors reported better quarterly results yet downgraded its full-year outlook, leading to a modest stock drop, amidst auto sector tariff relief plans from the White House. Coca-Cola exceeded earnings expectations while maintaining its guidance despite market volatility.
Read at 24/7 Wall St.
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