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S&P 500 Slips Ahead of Inflation Data as Trump Extends China Tariff Deadline
S&P 500 Slips Ahead of Inflation Data as Trump Extends China Tariff Deadline
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BTCCSquare news:
The S&P 500 declined 0.3% on Monday, August 11, 2025, as investors braced for July's Consumer Price Index report—a key metric for Federal Reserve rate decisions. Trade tensions lingered after President TRUMP extended the deadline for higher China tariffs by 90 days.
TKO Group Holdings surged over 10%, leading S&P 500 gainers after Paramount Skydance secured exclusive UFC broadcasting rights. Intel also climbed, while Hershey fell amid soaring cocoa futures.
Tech stocks retreated slightly, with the Nasdaq dipping 0.3% from last week's record high. The Dow underperformed with a 0.5% drop as risk appetite waned ahead of critical inflation data.
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