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

By CCN: The Dow and broader U.S. stock market were under pressure Friday morning 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. Equity markets would later reverse their declines as investors parsed through tame inflation data that seemed to support the Federal Reserve’s neutral outlook on monetary policy. Dow, S&P 500 Erase Losses All of Wall Street’s major indexes managed to recover on Friday, reversing brutal declines earlier in the session. The Dow Jones Industrial Average turned positive in late afternoon trading,

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