Dow Pares Brutal Loss as Tame Inflation Keeps Fed Hawks at Bay

By CCN: The Dow and broader U.S. stock market were under pressure Friday after the Trump administration raised tariffs on $200 billion worth of Chinese goods, setting the stage for a prolonged and potentially damaging trade war with Beijing. Stocks managed to erase most of their declines as investors parsed through tame inflation data that should strengthen the Federal Reserve’s refrain from raising interest rates. Dow, S&P 500 Erase Losses All of Wall Street’s major indexes managed to pare the worst of their slump Friday. The Dow Jones Industrial Average turned positive in late afternoon trading, edging up 19 points,

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source https://www.ccn.com/dow-pares-brutal-loss-as-tame-inflation-keeps-fed-hawks-at-bay

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