Wall Street, inflation
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Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.
U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought.
Two Wall Street firms raised their year-end targets for the S&P 500 as Trump's latest tariff delay cools recession fears.
Boeing shares got a small boost on media reports that China had lifted a ban on airlines there taking deliveries of the U.S. aerospace giant’s planes. According to reports, China removed those obstacles as part of Monday’s trade truce with the U.S. Boeing shares rose close to 2% in premarket trading Tuesday.
Most U.S. stocks rose May 13 following an encouraging report that showed inflation unexpectedly slowed across the country last month.
The latest US consumer inflation report revealed easing prices in April as euphoria over the US-China trade truce faded.
President Donald Trump wants drugmakers to work with his federal health department to reach an agreement on a most favored nation price for their medicines.