{"id":49462,"date":"2025-05-15T13:28:57","date_gmt":"2025-05-15T18:28:57","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/"},"modified":"2025-05-15T13:28:57","modified_gmt":"2025-05-15T18:28:57","slug":"market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/","title":{"rendered":"Market Recap: S&#038;P 500, Dow, and Nasdaq Retreat as PPI Data Shows Tariff Impact"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/#Major_Indexes_Pull_Back_After_Recent_Rally\" >Major Indexes Pull Back After Recent Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/#Producer_Price_Index_Shows_Tariff_Impact\" >Producer Price Index Shows Tariff Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/#Retail_Sales_Cool_After_Strong_March\" >Retail Sales Cool After Strong March<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/#Major_Stock_Movers\" >Major Stock Movers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/#US-China_Trade_Relations\" >US-China Trade Relations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-dow-and-nasdaq-retreat-as-ppi-data-shows-tariff-impact\/49462\/#Looking_Ahead_Key_Market_Events\" >Looking Ahead: Key Market Events<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_After_Recent_Rally\"><\/span>Major Indexes Pull Back After Recent Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. stock market retreated on Thursday, May 15, 2025, as investors digested a slew of economic data and corporate earnings reports. After a strong rally earlier in the week, all three major indexes moved lower, with concerns about inflation and trade tensions weighing on sentiment.<\/p>\n<p>The <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a><\/b> fell 0.45%, the <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/b> dropped 0.59%, and the <b>Nasdaq Composite<\/b> declined 0.49% as of market close. This pullback follows a strong performance earlier in the week, with the tech-heavy Nasdaq having previously enjoyed a six-day winning streak.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Producer_Price_Index_Shows_Tariff_Impact\"><\/span>Producer Price Index Shows Tariff Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Thursday&#8217;s economic data painted a complex picture of the U.S. economy. The Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>) for April showed a surprising drop of 0.5%, the largest monthly decline since the early days of the COVID-19 pandemic in April 2020.<cscitation citation_id=\"task_3__3\"><\/cscitation> On an annual basis, wholesale inflation slowed to 2.4%, in line with economists&#8217; expectations.<\/p>\n<p>Economists pointed to a 1.7% plunge in trade services, which measures gross margins for wholesalers and retailers, suggesting that companies are absorbing some of the costs from President Trump&#8217;s tariffs rather than passing them all to consumers.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Federal Reserve Chair Jerome Powell warned in a speech today that &#8220;inflation could be more volatile going forward&#8221; and that the economy may be &#8220;entering a period of more frequent, and potentially more persistent, supply shocks,&#8221; which could challenge the central bank&#8217;s policy decisions.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Retail_Sales_Cool_After_Strong_March\"><\/span>Retail Sales Cool After Strong March<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>April&#8217;s <b>retail sales<\/b> data came in at just 0.1% growth month-over-month, a significant slowdown from March&#8217;s upwardly revised 1.7% increase.<cscitation citation_id=\"task_3__2\"><\/cscitation> When excluding auto sales, retail sales also rose 0.1%, down from 0.8% in March. The control number, which feeds into other economic data accounts, actually turned negative at -0.2%, suggesting consumers may be becoming more cautious with their spending.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_Movers\"><\/span>Major Stock Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several major stocks made significant moves on Thursday:<\/p>\n<p>&#8211; <b>Walmart (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WMT\">WMT<\/a>)<\/b> released its Q1 2026 earnings before market open, with investors closely watching how the retail giant is handling inflation pressures and tariff impacts. The company also faces a $222 million verdict in a trade secrets dispute with Zest Labs, though its stock had seen a 2% increase over the past month.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; <b>Foot Locker (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FL\">FL<\/a>)<\/b> shares surged more than 60% in after-hours trading on Wednesday after The Wall Street Journal reported that Dick&#8217;s Sporting Goods is closing in on a deal to buy the company for approximately $2.3 billion.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8211; <b>UnitedHealth (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UNH\">UNH<\/a>)<\/b> slid 8% following reports that the Justice Department is investigating the insurer, though the company stated it had not been notified of any &#8220;supposed&#8221; investigation.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8211; <b>Deere &#038; Company (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DE\">DE<\/a>)<\/b> reported earnings showing declines in sales, revenue, and net income compared to last year, but maintained its guidance for fiscal year 2025 with projected net income between $4.75 billion and $5.50 billion.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; <b>Applied Materials (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMAT\">AMAT<\/a>)<\/b> is set to report its Q2 2025 earnings after market close today, with investors looking for insights into the semiconductor equipment sector.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; Tech giants continued to show strength this week, with <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> and <b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b> both up more than 16% week-to-date, while <b>Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>)<\/b> added 11.3% in the same period.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"US-China_Trade_Relations\"><\/span>US-China Trade Relations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market sentiment has been bolstered by last weekend&#8217;s talks between Treasury Secretary Scott Bessent and Chinese officials, which resulted in a temporary suspension of reciprocal tariffs. This development has helped stave off immediate concerns about economic decline and inflation acceleration.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>However, President Trump&#8217;s broader tariff policies are still expected to make many items more expensive in the coming months, potentially driving inflation higher according to economists.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Key_Market_Events\"><\/span>Looking Ahead: Key Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors will be closely watching several key events in the coming days:<\/p>\n<p>1. <b>Earnings season continues<\/b> with more than 1,000 companies reporting today alone, including major players like Alibaba Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BABA\">BABA<\/a>), NetEase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NTES\">NTES<\/a>), and Siemens AG (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SIEGY\">SIEGY<\/a>).<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>2. <b>Manufacturing data<\/b> from regional surveys showed continued weakness, with the Empire State survey coming in at -9.2, marking the third straight month in negative territory, while the Philadelphia Fed survey improved to -4 from the previous month&#8217;s -26.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>3. <b>Fed policy outlook<\/b> remains in focus as markets digest Powell&#8217;s comments about potentially more volatile inflation ahead and the challenges this presents for monetary policy.<\/p>\n<p>4. <b>Weekly jobless claims<\/b> data released today will provide further insights into the labor market&#8217;s health.<\/p>\n<p>As we move deeper into the second quarter of 2025, market participants remain cautious about the impact of trade policies, inflation trends, and corporate earnings growth. The recent market rally has shown resilience, but today&#8217;s pullback suggests investors are reassessing risks in light of the latest economic data and Fed commentary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Pull Back After Recent Rally The U.S. stock market retreated on Thursday, May 15, 2025, as investors digested 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