Stock Market Update

[BRIEFING.COM] The major indices are little changed from previous levels, holding on to their healthy early advances.

Retailer names are trading higher again today, with American Eagle's (AEO 18.27, +4.65, +34.14%) earnings report acting as a catalyst. The SPDR S&P Retail ETF is up 1.7%.

On the monetary policy front, New York Fed President John Williams (FOMC voting member) stated in a speech that he sees economic growth slowing, a gradual cooling in the labor market, and tariffs moderately boosting inflation through 2026. 

Mr. Williams noted that he anticipates a move in interest rates toward more neutral levels in order to maintain the Fed's dual mandate of maximum employment and price stability.