“The original idea of the show that I had almost 20 years ago, at this point, was to show the diversity of Italy. But also to, in a weird way, dispel the myth that it’s sunny all the time and everybody’s eating pizza and pasta and everybody is happy and smiling all the time. Yeah, that exists, but that’s not everything.”
The Nasdaq is up 1,183.40, or 6.6%.The Russell 2000 is up 71.62 points, or 3.5%.
The S&P 500 is up 35.30 points, or 0.6%.The Dow is down 221.47 points, or 0.5%.The Nasdaq is down 198.47, or 1%.
The Russell 2000 is down 135.46 points, or 6.1%.U.S. stocks ended a wobbly day mostly lower in what has been a rocky week because of worries coming out of the bond market about the U.S. government’s mounting debt.
The S&P 500 slipped less than 0.1% Thursday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite rose 0.3%.
Treasury yields were also holding a bit steadier in the bond market, but only after oscillating earlier in the morning after the House of Representatives approved a bill that would cut taxes and could add trillions of dollars to the U.S. debt.Jim Umlauf, whose business, 4Knines, based in Oklahoma City, makes vehicle seat covers and cargo liners for dog owners and others, said the court ruling did not offer reassurance but only further complicated his decision-making.
“At this point, we don’t know whether the decision will hold, whether it applies to (Trump’s) original 2018 tariffs, or how it will be enforced,” he said. “Without clarity, we’re left planning around a moving target. Like many others, we’ve already locked in quotes and made purchasing decisions assuming tariffs would remain in place. This development, rather than offering relief, introduces new logistical complications at the worst possible time.”Kelsey O’Callaghan, the founder of a Salt Lake City kitchen and bathroom accessories company called Dorai Home, said she expected the trade war to continue. The constant flux since Trump’s return to office has made her “numb,” but O’Callaghan said she has tried to make educated decisions.
The company already postponed the launch of several new products, laid off the CEO and some other key employees. It paused order shipments from China in early April but resumed some on a staggered basis when the president Trump lowered the rate for Chinese goods to 30% for 90 days.Now, Dorai Home plans to test price increases to see if shoppers will still buy its products.