Charlie Toole, vice president at Adviser Investments, has the market analysis for Monday, June 25. Markets sold off, with drops over 1% for all major indices. Harley-Davidson stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. fell 6% on news of a plan to shift some production overseas in response to tariffs, which will ultimately add about $2,000 in production costs to every motorcycle—cutting into profits. In positive news, new data show that new-home sales were up 14% month-to-month in May. This is a sign that the U.S. consumer is still in a good place. Additionally, Campbell’s Soup is potentially up for sale, with Kraft Heinz and General Mills as possible suitors.
Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.