U.S. markets close higher despite Trump's tariff threats. ISM PMI falls, construction spending drops. Dow up 0.08%, S&P 500 gains 0.41%, Nasdaq rises 0.67%.
Trump's promised manufacturing renaissance has not materialized, as data shows continued contraction in factory activity. Cost pressures and tariffs are contributing factors.
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U.S. markets closed lower on Friday due to trade tensions and economic uncertainty. New single-family home sales rose 10.9%. Futures surged on Tuesday after Trump delayed EU tariffs.
Federal Reserve Chair Jerome Powell delivered Princeton University's baccalaureate address on May 25, offering the Class of 2025 his blueprint for success while defending the central bank's independence amid ongoing political pressure.
Mixed U.S. markets closed as Treasury yields eased concerns about deficits. Jobless claims fell, while PMIs show strong economic momentum. Asian markets up.
