Stock market today: Dow, S&P 500, Nasdaq slip with latest tariff threats, inflation data in focus

3 months ago 46

Unlock banal picks and a broker-level newsfeed that powers Wall Street.

Updated Thu, Mar 13, 2025, 6:40 AM 1 min read

But uncertainty astir Trump's tariff argumentation continues to grip Wall Street, and his commercialized warfare has lone intensified this week. The president has vowed to respond to tariffs planned by the EU and Canada successful effect to US duties connected alloy and aluminum imports — astir notably starring disconnected Thursday by threatening a 200% tariff connected imports of EU wines and spirits.

Read more: The latest connected Trump's tariff plans

Meanwhile, the hazard of a US authorities shutdown adds different furniture of interest for investors already assessing the interaction of DOGE occupation cuts connected the economy. Senate Democrats program to artifact a Republican spending measure to avert the play shutdown, Minority Leader Chuck Schumer said.

Wholesale ostentation information released connected Thursday greeting showed prices did not alteration successful February, compared to an expected month-over-month summation of 0.3%. On an annualized basis, the Producer Price Index roseate 3.2%, versus a statement estimation of 3.3%.

The easing successful terms pressures is expected to origin into expectations for involvement complaint cuts up of the Federal Reserve gathering adjacent week.

LIVE 9 updates

PPI information shows wholesale ostentation ticked down successful February

Yahoo Finance's Josh Schafer reports:

Read much here.
Adobe shares autumn aft disappointing outlook

Adobe banal sank implicit 6% successful premarket trading aft the bundle maker's gross outlook for the existent 4th disappointed investors.

From Bloomberg:

Read much here.
Dollar General banal jumps arsenic comparable income bushed estimates

Dollar General (DG) banal jumped 4.8% successful premarket trading aft the discount retailer reported vacation income supra estimates but a mixed outlook for the year.

Retailers, including Walmart (WMT) and Target (TGT), person mostly issued much cautious forecasts for the twelvemonth arsenic they navigate caller tariffs and a still-inflation-weary consumer.

For the quarter, Reuters reported that Dollar General posted yearly same-store income maturation betwixt 1.2% and 2.2%, compared with analysts' expectations for a 1.82% rise, according to information compiled by LSEG. Dollar General's 2025 net per stock outlook came successful astatine $5.10 to $5.80, beneath analysts' mean estimation of $5.85.

Read much here.
The banal market's destiny each depends connected tariffs

Stocks attempted a rebound connected Wednesday, but arsenic with astir of the caller marketplace action, the rally proved to beryllium stop-and-go, Yahoo Finance's Josh Schafer reports.

Read much here connected wherefore pricing tariffs into the banal marketplace has go much difficult.
'Magnificent 7' stocks aren't the lone high-flying techs getting deed hard

Big techs person led markets little successful what's been a brutal period for stocks, mirroring their enactment successful gains successful 2023 and 2024.

But its worthy digging deeper this clip to spot what's going on, Yahoo Finance's Alexandra Canal reports.

Read much here.
Intel banal surges arsenic Wall Street cheers caller CEO

Intel's (INTC) shares are jumping successful premarket aft the institution recovered a caller CEO consenting to instrumentality connected the pugnacious occupation of turning astir the struggling US chipmaker.

New brag Lip-Bu Tan is simply a erstwhile Intel committee subordinate who's managed to enactment nether the radar portion wielding important power successful the spot industry.

Tan is taking implicit Intel successful the midst of 1 of the darkest eras successful the company's history. The chipmaker has mislaid its pb successful process manufacturing to rival spot builder TSMC (TSM) and ceded its accidental to predominate successful the AI abstraction to Nvidia (NVDA), Yahoo Finance's Daniel Howley reports.

The caller CEO has already said he'll support moving to marque Intel a apical foundry, making chips for others successful the industry. That's seen arsenic awesome helium won't divided up its plan and manufacturing businesses, arsenic the likes of rivals TSMC and Broadcom (AVGO) oculus its factories.
Good morning. Here's what's happening today.
Trending tickers successful after-hours trading

Adobe (ADBE)

Shares successful ocular and integer media bundle elephantine Adobe fell 4% successful after-hours moves aft the institution reported grounds quarterly gross supra analysts’ expectations. The net study did not supply investors with capable to latch onto for aboriginal outlook.

American Eagle (AEO)

Apparel retailer American Eagle warned of a driblet successful its operating income. Stocks successful the institution dropped 5% successful after-market moves.

SentinelOne (S)

Cybersecurity steadfast SentinelOne announced net and issued a gross forecast beneath Wall Street estimates. Shares successful the institution dropped 12% successful extended trading.
Intel banal leaps 11% aft appointing Lip-Bu Tan arsenic CEO

Intel (INTC) shares jumped up implicit 11% successful after-hours trading aft an announcement revealed Lip-Bu Tan arsenic the company's caller CEO. Tan volition beryllium replacing interim co-CEOs David Zinsner and Michelle Johnston Holthaus.

Yahoo Finance's Dan Howley reports:

Read much here.