Consumer companies declined as President Trump frightened investors with a social-media attack on Federal Reserve Chairman Jerome Powell.
Trump's pressure on Powell to cut interest rates could backfire if the Fed were to hold off on cuts in order to avoid the appearance of impropriety, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
Shoe maker Crocs could double prices of some shoes due to tariffs, putting some of its product lines at risk, warned Sam Poser, an analyst at trading firm Williams.
Burrito chain Chipotle Mexican Grill plans to launch in Mexico as part of international-expansion efforts.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 21, 2025 17:19 ET (21:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.