The U.S. markets opened lower due to renewed tensions regarding the U.S.-China trade deal, although the S&P 500 is still on track for a weekly gain. Recent economic indicators show consumer prices have stabilized, with a slight rise in the personal-consumption-expenditures price index. Notably, personal income has increased by 0.8%, and consumer spending rose by 0.2%. Additionally, specific companies like Ulta Beauty and Palantir Technologies are seeing positive movements in their stock prices, suggesting resilience in certain market sectors amid broader concerns.
The apparent unraveling of the U.S. and China trade deal caused all three major stock market averages to open lower, reflecting ongoing investor uncertainty.
Despite trade tensions, consumer spending is perceived positively, with a 0.2% increase in spending and a solid 0.8% rise in personal income last month.
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