U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
Read More Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt
U.S. consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing.
Read More US consumer prices accelerate; seen delaying Fed rate cut
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Read More US small-business sentiment slides to lowest level in more than 11 years
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four years
New home sales slipped 0.3% to a seasonally adjusted annual rate of 662,000 units last month.
Read More US new home sales unexpectedly fall in February
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
Read More US weekly jobless claims unexpectedly fall; labor market gradually cooling