Many staple foods in U.S. kitchens, such as coffee, orange juice, fruit, seafood, beef and chocolate, rely heavily on imports, making grocery prices sensitive to trade policy. The article cites Federal Reserve research finding that the tariffs imposed in 2025 gradually pushed up retail prices as higher import costs passed through supply chains. After the Supreme Court invalidated IEEPA tariffs in February 2026, a temporary 10% Section 122 surcharge expired in July 2026 and was replaced by Section 301 tariffs of 10% to 12.5%. According to the Penn Wharton Budget Model, the average effective tariff rate was 6.7% as of July 2026, nearly triple the 2.3% before Trump returned to office in January 2025. The U.S. imported over $219 billion in agricultural products in 2025, many of which cannot be grown domestically at sufficient scale.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on newspressnow.com ↗
Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Credit markets have entered uncharted territory as the riskiest junk bonds send a warning to investors
- Dow Jones Futures: AMD, Nvidia Lead AI Trade Higher; Meta, Netflix, SpaceX, Tesla Earnings On Deck
- Why the midterm elections are likely to become a strong tailwind for the stock market
- Inflation Just Spooked the Market -- But There's Still Good News for Patient Investors
The September CPI rose 0.6% from the prior month and 3.7% year over year, up from 0.4% and 3.4% in the previous report, raising the odds of Federal Reserve rate hikes and pushing the S&P 500 down 1.1% that day. The author argues such swings are daily noise: so far in 2026, the S&P 500 has fallen more than 1% 18 times and gained more than 1% on 19 occasions. In a hypothetical example, $10,000 put into the SPDR S&P 500 ETF (SPY) in October 2006 grew to $56,170 in share price terms, or $80,970 with dividends reinvested, despite a drop of more than 50% after the subprime crash, a COVID-19 plunge and the 2022 inflation crisis. Adjusted for inflation, $10,000 in October 2006 equals about $16,697 today, so the position is well ahead of inflation.
- Update: Tech-Heavy Nasdaq Leads Wall Street's Relief Rally Ahead of Key Earnings
- Palantir, Datadog and chip stocks bounce back as Amazon lifts Wall Street
Tech stocks rebounded Monday even as most of Wall Street stayed weak. Palantir (PLTR) and Datadog (DDOG) each gained over 4%, with chip stocks also recovering from last week's losses. Bernstein upgraded Datadog on stronger AI-related demand, while Palantir announced a government-cloud partnership but faced a potential selling zone around $195–$200. Amazon (AMZN) rose 5% after Morgan Stanley named it a top pick, helping the Nasdaq Composite gain 1.1% and the S&P 500 add 0.4%. CoreWeave (CRWV), however, finished slightly lower at $61.12, just above its July closing low of $60.82, and nearly two-thirds of S&P 500 stocks fell.
Related markets
Latest news
- 3M stock rises 3% on $6B Amazon data center deal
3M shares rose 3% in after-hours trading after announcing a strategic commercial agreement with Amazon covering data center products. Under the deal, 3M issued an Amazon subsidiary a warrant to buy up to 3,162,015 shares at $164.89 per share over seven years. 85% of the shares vest based on cumulative Amazon payments for data center products, with full vesting once payments reach $6 billion, while the remainder depends on event-based milestones not detailed in the filing. The agreement, formalized on October 19, 2026, centers on 3M supplying optical connectivity and other data center products to Amazon.
- Stock Market Today, Oct. 19: Amazon Surges on Morgan Stanley Top Pick and $350 Price Target
Amazon (AMZN) closed at $262.45 on Oct. 19, up 4.98%, after Morgan Stanley named it a top pick, kept an Overweight rating and raised its price target to $350 from $335. Morgan Stanley cited the AI boom as a key driver and five catalysts, including AWS growth nearly tripling from 2025 to 2028. Trading volume reached 54.5 million shares, about 4% above the three-month average of 38.9 million. AWS revenue in Q2 rose 37% year over year to $42.2 billion, the fastest growth in 18 quarters, and investors await the Q3 report on October 29. Litigation and regulatory risk remain a longer-term overhang on valuation.
- NVIDIA Deal Highlights Value of Tiny's Early Poolside Investment
Tiny's original US$250,000 seed investment in Poolside is now ascribed a value of about US$11.1 million (C$15.8 million), roughly 44 times the initial cost, based on NVIDIA's reported financing terms. The deal pairs a US$6 billion technology licence with a US$1 billion investment in Poolside at a US$13 billion post-money valuation. Tiny's estimate applies that valuation to its roughly 0.0854% indirect stake and excludes its separate shares in Poolside Infrastructure Company (PIC), to which no value has been assigned. Tiny says its core strategy remains majority ownership of durable, cash-generating businesses, with Poolside a small, selective minority investment.
- Anthropic Gives 5% of Itself to the Public. Musk Answers by Giving Away SpaceX Shares
Anthropic will commit 5% of its shares to a new Public Benefit Fund, subject to stockholder approval, and says roughly 20% of its stock will go to public causes once co-founder and employee pledges are counted. Elon Musk responded by promising one SpaceX share to every U.S. child next year, a giveaway worth more than $10 billion at current prices. The fund follows a draft AI safety bill Anthropic pitched to lawmakers, which would let the government block models posing a risk of killing or injuring more than 50 people or causing over $1 billion in damage. Anthropic is preparing an IPO as soon as November at a reported valuation of around $2 trillion, which would put its 5% stake at about $100 billion on paper rather than in cash. The fund is a wholly owned LLC rather than a nonprofit, and it cannot be used for lobbying or political donations.
- Why CoreWeave Struggles Could Weigh Down Nvidia Stock
CoreWeave (CRWV) shares plunged last week over concerns about rising interest rates and its heavy debt load, and are down well over 20% over the past month. Nvidia (NVDA) is also exposed, having invested billions in CoreWeave and being one of its major customers, though its stock has fallen only about 2% over the past month. With a market cap of around $5.2 trillion, Nvidia trades at a forward P/E of 25 and a PEG of about 0.48, below the 1.0 level the article uses to define a cheap stock, but this valuation rests on expected growth. The article warns that doubts about Nvidia's growth could trigger a steep correction, citing tech firms making their own chips and possible AI spending cuts if interest rates rise.
- Power company announces an important decision
CTCP Nhiệt điện Quảng Ninh (QTP) says its board approved the EPC contract for package 05 of its flue gas treatment upgrade project, signed with the SEC-Pacific joint venture of Shanghai Electric Group and CTCP Tập đoàn Thái Bình Dương on a fixed-price basis. The contract is worth over 89.75 million USD and nearly 902 billion VND, about 3,271 billion VND in total, with 38 months to complete. SEC-Pacific was the only bidder to pass technical evaluation, as rival CISDI failed to reach the minimum score. The company has also appointed two deputy general directors this year, Nguyễn Công Kiên from 12/8/2026 and Dương Thành Công from 16/10/2026, after former board member Lê Việt Cường was arrested in February 2026 over alleged forgery of documents. For the first six months of 2026, net revenue reached nearly 6,359 billion VND, up over 10%, and profit after tax about 524 billion VND, up over 44%, already exceeding its full-year 2026 profit plan.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.