US stock indexes higher, with Dow up more than 1%
Cons. discretionary leads S&amp;P 500 sector gainers; comm. svcs down most
STOXX 600 up 0.6%
Crude prices, gold, dollar down; bitcoin up
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<h3>CONSUMER-RELATED US REPORTS MAY SUGGEST SPENDING ISSUES AHEAD</h3>
Results from some consumer-facing U.S. companies in the just-finished U.S. earnings season suggest shoppers are being affected by tariff uncertainties, according to Wells Fargo Investment Institute.
“We believe the deferral of tariffs does not mean they’ll be eliminated,” the firm says in a note, adding it sees tariffs likely squeezing households and limiting consumer spending into late 2025 and early 2026. That could dilute the positive effects of tax cuts and deregulation, it says.
The U.S. Supreme Court agreed earlier this week to decide the legality of President Donald Trump’s sweeping global tariffs.
WFII has an “unfavorable” outlook for both the consumer discretionary and consumer staple sectors.
Second-quarter earnings growth for the S&amp;P 500 consumer discretionary sector (.SPLRCD) was at 7.1% year-over-year while it was at just 0.9% for consumer staples (.SPLRCS) , according to LSEG data. S&amp;P 500 earnings growth overall was at 13.3% for the second quarter, based on data Friday.
Procter &amp; Gamble (PG.N) in July forecast annual results largely below estimates and said it would raise prices on some products in the U.S., a day after naming insider Shailesh Jejurikar as CEO to steer it through tariff uncertainty.
Walmart (WMT.N) in August reported second-quarter profit that was lower than expected, registering the retailer’s first earnings miss in more than three years. Still, its results suggested U.S. consumers across the spectrum are still going to Walmart’s stores.
(Caroline Valetkevitch)
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COST

US stock indexes are up, with the Dow rising over 1%. Consumer discretionary stocks lead S&P 500 gains, while communication services lag. Reports indicate consumer spending may be impacted by tariff uncertainties, with Wells Fargo projecting limited spending into late 2025. The S&P 500 consumer discretionary sector saw 7.1% earnings growth, while consumer staples only 0.9%. Procter & Gamble and Walmart reported lower-than-expected earnings, highlighting ongoing consumer challenges. Overall, the market remains cautious amid tariff discussions and economic forecasts.

- U.S. stock indexes rose, with the Dow increasing over 1%, while the STOXX 600 gained 0.6%.  
- Consumer-related reports indicate potential spending issues due to tariff uncertainties, with Wells Fargo predicting limited consumer spending into late 2025 and early 2026.  
- The S&P 500 consumer discretionary sector saw a 7.1% earnings growth year-over-year, contrasting with a mere 0.9% for consumer staples, as companies like Procter & Gamble and Walmart faced challenges amid tariff concerns.  

LIVE MARKETS-Consumer-related US reports may suggest spending issues ahead