Dow closes at record as mixed market tests tech yet gains
The Dow Jones rose 0.2 percent to 41,240.52 while the S&P 500 dipped 0.3 percent and the Nasdaq fell 0.9 percent. Nvidia slid 2.2 percent as big tech weighed, Broadcom and AMD also fell, and Tesla dropped 3.2 percent amid an earnings week and inflation data ahead.
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Kroger Albertsons Merger Faces U.S. Court Scrutiny
In Portland, FTC seeks to block Kroger Albertsons 24.6 billion merger claiming reduced competition and higher prices. Kroger and Albertsons defend benefits and say divestitures via C&S Wholesale Grocers could preserve competition. Witnesses include CEOs as Judge Adrienne Nelson weighs a preliminary injunction.
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Canada’s 100 percent tariff on Chinese EV imports
Canada announced a 100 percent tariff on Chinese made electric vehicles matching U S tariffs amid claims of government subsidies unfairly aiding Chinese firms. Prime Minister Trudeau said a 25 percent tariff on Chinese steel and aluminum will also be imposed and deputy PM Freeland announced a 30 day consultation on batteries semiconductors and critical minerals.
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