Josh Schafer Reporter Josh Schafer is a reporter on the Yahoo Finance Markets team. Most Recent April CPI report expected to show first signs of Trump tariffs' inflationary impact Economists expect April's Consumer Price Index (CPI) release to show the first signs of President Trump's tariffs boosting inflation on certain products. Wall Street's worst fears over Trump's trade war just faded Wall Street strategists consider the 90-day pause on tariffs between the US and China to be a better outcome than investors had anticipated. Stock market today: Dow, S&P 500, Nasdaq rise as Fed holds rates steady, Powell sticks to 'wait and see' Eyes are on what the Fed flags about the economy and rates amid tariffs and Trump pressure. Strong labor market data doesn't mean the coast is clear for the US economy A strong April jobs report may have masked other signs of weakening in the US economy, which has Wall Street increasingly calling for a recession in 2025. Stocks' best winning streak since 2004 hasn't 'alleviated' Wall Street's worries The S&P 500 just had its best winning streak in more than 20 years, but Wall Street strategists aren't sure the issues that drove a market sell-off beforehand have truly been resolved. One chart shows how Warren Buffett trounced the S&P 500 over the past 60 years Berkshire Hathaway's stock has risen more than 5 million percent since 1964. The stock market comes all the way back — and then some: Chart of the Week The S&P 500 just finished off a 9-day winning streak that saw the index make back all of its losses from "Liberation Day." April jobs report shows US labor market remained resilient in wake of 'Liberation Day' tariff announcement The April jobs report comes as investors search for clues surrounding how President Trump's tariff policies could be impacting economic activity. Stock market today: Nasdaq surges as AI trade reignites amid Big Tech earnings, Dow, S&P 500 rise for 8th day Microsoft and Meta's strong earnings reports eased investor fears of an economic slowdown amid President Trump's tariffs. Manufacturing activity hits 5-month low as Trump tariffs leave businesses in 'state of near paralysis' Manufacturing activity declined in April as President Trump's tariffs clouded the outlook for businesses. Continuing jobless claims reach highest level since November 2021, initial claims hit 2-month high Unemployment claim filings moved higher to end April as investors closely watch for any signs of further cooling in the labor market. US economy contracts at 0.3% rate in Q1, first GDP pullback in 3 years A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years. US private employers add just 62,000 jobs in April amid 'difficult' hiring environment Private payroll additions tumbled in April as companies struggled with an uncertain outlook while President Trump's fresh tariff policies have disrupted business planning. Why Wall Street is wary of the stock market rally Stocks have ripped higher over the past two weeks, but Wall Street strategists are concerned the pain points that previously sent the market lower haven't gone away. Stock market today: Dow extends longest win streak of 2025 as S&P 500, Nasdaq climb after latest tariff relief Wall Street sifted through a rush of earnings reports and economic data, while a much-needed tariff reprieve for automakers helped lift stocks. Job openings fall more than expected in March, hover near 4-year low Job openings declined in March, hitting one of the lowest levels seen since early 2021. One chart shows tariffs are already slowing economic activity Fewer shipping containers are expected to come through the Port of Los Angeles in the coming weeks, a sign of slowing trade between the US and China. April jobs report, Big Tech earnings in focus amid stock market recovery: What to know this week With the stock market in all-out rally mode for the first time since President Trump's tariff announcements, key updates on the health of the US economy and corporate profit growth are set to greet investors. Americans expect the economy to sour — here's when the data could show it Economists believe growth data will weaken in the summer as the impact of President Trump's tariffs begin to take hold of American businesses and consumers. 9 ways tariffs could upend stocks' fundamental story: Chart of the Week The wide-ranging potential tariff outcomes are providing a challenge for Wall Street strategists trying to forecast S&P 500 earnings growth this year.