In the face of ongoing tariff discussions, Corporate America continues to release Q1 earnings, revealing mixed market reactions. The White House has criticized Amazon's handling of tariff-related costs, labeling it a hostile move. Major stock indices are fluctuating slightly, reflecting investors' caution. General Motors reported better quarterly results yet downgraded its full-year outlook, leading to a modest stock drop, amidst auto sector tariff relief plans from the White House. Coca-Cola exceeded earnings expectations while maintaining its guidance despite market volatility.
The White House has taken aim at Amazon.com for its response to tariff-related cost increases, labeling it a "hostile and political act."
Amidst tariff concerns, the three major stock averages are moving fractionally, with the Nasdaq Composite seeing slight declines, whereas the Dow is experiencing modest gains.
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