Wall Street Nears Record Highs Despite Inflation and Tariff Concerns

Strong corporate earnings and a solid U.S. economy offset market worries about rising inflation and potential new tariffs.

The S&P 500 closed just 0.1% below its all-time high, with the Dow Jones and Nasdaq also posting significant gains.
Companies like MGM Resorts, GE HealthCare, and Robinhood Markets reported better-than-expected quarterly profits, driving investor optimism.
President Trump announced plans to increase tariffs on imports, but markets reacted calmly, viewing the move as a negotiation tactic rather than an immediate economic threat.
Hotter-than-expected inflation data at both the consumer and wholesale levels raised concerns about prolonged Federal Reserve interest rate policies.
Bond yields eased slightly, and analysts noted potential positive signs in healthcare costs that could help moderate inflation in the future.