Walmart gave a forecast for upcoming profit that fell short of analysts’ expectations
The Dow Jones Industrial Average rose 71.25 points, or 0.2%, to 44,627.59.
The weak retail data led to a sharp drop in the U.S. Treasury yields
Movements in the bond market were likewise modest
President Donald Trump said he would soon announce a plan on reciprocal tariffs
The S&P 500 fell 0.8% Monday following sharper loses across Asia and Europe
Treasury yields held relatively steady following the Fed’s announcement
By this time last year, the stock market’s rally had blown past even the most optimistic targets and Wall Street forecasters were convinced it couldn’t keep up the dizzying pace.