U.S. Markets Dip as Retailers Offer Mixed Views on Tariff Impact
U.S. equities retreated as investors weighed divergent assessments of tariff effects from major retailers. The Dow Jones Industrial Average fell 0.26% to 42,679.23, while the S&P 500 and Nasdaq Composite declined 0.36% and 0.44% respectively.
Walmart’s warning of potential price increases contrasted sharply with Home Depot’s strategy to maintain stable pricing through supply chain adjustments. The home improvement retailer reported absorbing 30% China tariffs by shifting production rather than passing costs to consumers.
Market sentiment remains fragile despite Home Depot’s mitigation efforts, reflecting broader uncertainty about inflationary pressures in the retail sector. Trading volumes suggest cautious positioning ahead of further tariff policy developments.