Markets Now: Nothing, Nothing, Nothing
Want to know why the Dow Jones Industrial Average is doing what it's doing? Check back here for a semi-live look at the volatile markets from Barron's reporters.
7:40 a.m.Yesterday's rally erased nearly all of Tuesday's Italy-inspired losses, and today looks like it will start right where yesterday ended. S&P 500 futures have are little change, while Dow Jones Industrial Average futures have dipped 4 points. Nasdaq Composite futures have advanced 0.1%.
It's not as if everything has returned to normal. In fact, it's far from it. Steel and aluminum tariffs are set to go into effect tomorrow, and there doesn't seem like there will be a reprieve even for Mexico, Canada, or U.S. allies in Europe. Other reports suggest that President Donald Trump is considering banning Germany's luxury car makers.
On the plus side of the ledger, European inflation surprised to the upside, and is now approaching the ECB's target. "Mario, rejoice," writes Bleakley Advisory Group's Peter Boockvar. " Your headline inflation measure is where you want it."
If only everything else was.
Sign up to Review & Preview, a new daily email from Barron's. Every evening we'll review the news that moved markets during the day and look ahead to what it means for your portfolio in the morning.