Markets slip after record week as stocks retreat
U S stock indices pull back from record highs with the S P 500 down 0 3 percent and the Dow off 204 points as investors digest quarterly results from major companies including SoFi Merck and UnitedHealth Group while Treasuries ease ahead of the Fed meeting. Economic data on job openings and consumer sentiment provide a mixed backdrop with traders awaiting more tariff impact signals and labor market updates. Cadence Design Systems lifts stock 9 7 percent on AI growth forecast while UnitedHealth drops 7 5 percent after a spring profit miss and tepid 2025 outlook.
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New York
Wall Street
SoFi Technologies
Merck
UPS
U.S
Trump
Cadence
Sys
Tems
Computational
UnitedHealth Group
FactSet
Millionaires proliferate lose some glitter in U.S.
A broad rise in seven-figure net worth marks a shift in wealth perception. Heidi Bailey, now a millionaire at 41, joins a growing class whose riches stretch beyond palatial estates. UBS cites about one tenth of American adults with net worth over a million, widening the wealth gap and highlighting persistent disparities among races and regions.
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Running Point Capital Advisors
el Segundo
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The
IRS
United Nations
World Bank
International Monetary Fund
Globe
U.S
Federal Reserve
Barley
U.S. Bureau of Labor Statistics
Dan Usen
Providence
Rhode Island
Switzerland
Luxembourg
Tariffs begin to weigh on U S manufacturers
The AP reports rising domestic costs as Trump prepares new tariff increases. An analysis shows factory costs could rise 2 to 4.5 percent, risking wage stagnation or plant closures. Economists caution tariffs may boost prices and slow growth while failing to deliver broad gains for factory towns.
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Washington
Donald Trump
Chris Bangert-Crowns
Washington Center For Equitable Growth
Bangert-Drowns
Trump
P G raises prices due to tariffs and names new CEO
P G plans mid single digit price increases on about a quarter of U S products starting next month amid higher tariff costs and a shift in sourcing. Shailesh Jejurikar named to succeed Jon Moeller as president and CEO with Moeller becoming executive chairman.
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Stephanie Guichard
Wall Street
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United States
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AMD
Asml Holding N.V
At&t
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Abbott Laboratories
Accenture PLC
Adobe
Amazon
American Express Co
Apple
Avient Corp
Bank of America
Berkshire Hatch
Caterpillar
Chevron Corp
Cisco Systems Inc
Coca-Cola Consolidated Ir
Costco Wholesale Corp
Darden Restaurants Inc
Diebold Nixdorf Inc
Dine Brands Global Inc
Disney
Eli Lilly and Company
Emerson Electric Co
Exxon Mobil
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FirstEnergy Corp
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GE Aerospace
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Honeywell International
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IBM
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Jpmorgan Chase & Co
Johnson & Johnson
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Lockheed Martin Corp
Lowe's
Lumen Technologies Inc
Mastercard Inc
McDonald's Corp
Merck & Co. Inc
Meta Platforms Inc
Microsoft Corp
Morgan Stanley
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Nvidia Corp
Netflix Inc
Nordson Corp
Northrop Grumman Corp
Oracle Corp
PNC Financial Services Gr
Palantir Technologies Inc
Parker-Hannifin Corp
PepsiCo Philip Morris Internat. Inc
Qualcomm Inc
RPM International Inc
RTX Corp
Royal Bank of Canada
Salesforce Inc
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Smucker
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