CNBC Business News Update Market Midday: Stocks Higher, Bond Yields Pull Back, Price Increase Warning From Walmart Because Of Tariffs 5/15/25
May 15, 2025
Exploring the latest moves in the market, experts analyze rising stock prices alongside falling bond yields. Retail giants are sounding alarms about potential price hikes due to tariffs, bringing economic concerns to the forefront. Homebuilders are feeling the pinch from high interest rates and soaring material costs. Meanwhile, the PGA Championship makes a brief appearance, adding a touch of sports to the financial landscape.
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Market Gains Amid Bond Yield Drop
- The stock market showed gains as bond yields slipped and investors favored riskier assets.
- Dow Jones increased significantly, led by technology and retail sectors hitting new highs.
Consumer and Employment Slowdown
- Unemployment claims rose, indicating longer job search durations.
- April retail sales slowed, showing weak consumer spending amid tariff delays.
Walmart Warns of Price Increases
- Walmart warns tariffs will force price increases starting later this month.
- Even Walmart's conservative management cannot absorb current tariff levels without passing costs to consumers.