Trading on Wall Street was mixed early Wednesday, the Associated Press reports, ahead of key U.S. economic data that comes later in the week, as well as developments in President Donald Trump’s trade agenda. Futures for the S&P 500 were flat before the bell, while futures for the Dow Jones Industrial Average ticked up 0.1%. Nasdaq futures fell 0.1%.
Shares of Dollar Tree jumped 5% after the discount retailer announced the sale of its Family Dollar business to a pair of private equity firms for $1 billion.
Online pet store Chewy rose 5.1% after it beat Wall Street’s fourth quarter sales and profit targets and issued strong 2025 sales guidance based on momentum that executives expect to carry over into this year.
U.S. stocks have recovered a chunk of their losses since falling 10% below their all-time high earlier this month, the first market correction since 2023. The S&P 500 is down 6% from its record, meaning many stocks appear less expensive, which had been a major criticism following what many saw as a euphoric and unwarranted rise in markets
Wall Street analysts warn, however, that more sharp swings are likely ahead of next week’s tariff deadline. That’s what Trump has called “Liberation Day,” when he will begin imposing tariffs on trading partners that he says will roughly equal what he sees as the burden each of them puts on the United States.
