Wall Street edges higher with S&P 500 gain, mixed economic reports, potential Fed rate cuts

From Yahoo Finance: 2025-05-14 23:07:00

Most U.S. stocks edged higher following mixed reports on the economy amid Trump’s trade war. The S&P 500 rose 0.4%, Dow Jones added 271 points, Nasdaq slipped 0.2%. Walmart’s stock fell despite reporting a bigger profit. Deere lowered profit forecast due to market challenges. Cisco Systems and Foot Locker saw gains.

Treasury yields fell, suggesting potential rate cuts by the Federal Reserve. U.S. economy may weaken under high tariffs. Walmart raised prices due to increased costs from tariffs. Deere reported stronger profit, despite challenges. Cisco Systems rose after surpassing profit expectations. Dick’s Sporting Goods tumbled after Foot Locker acquisition announcement.

S&P 500 closed at 5,916.93, Dow Jones at 42,322.75, Nasdaq at 19,112.32. Crude oil prices fell 2% on the possibility of increased supply. China reversed some non-tariff measures against the U.S. Stock indexes fell in Hong Kong and Shanghai. Bond yields dropped, indicating potential Fed rate cuts. Fed Chair Powell warned of potential inflation from supply shocks.



Read more at Yahoo Finance: Wall Street drifts back within 4% of its record after the S&P 500 notches a 4th straight gain