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second-term tariff blitz, launched in early April, as many companies were still working through pre-tariff inventory that helped shield margins. This meant the fallout was mostly telegraphed in executive commentary , not evidenced in the numbers.But now that cushion is disappearing. As retailers cycle through higher-cost goods, strike new supplier deals, and get a look at freshly imposed tariff rates, this quarter is likely to reveal just how much power they really have to keep costs down or pass them on. As results filter in throughout the week, Wall Street will also get a glimpse at whether consumers are willing — or able — to foot the bill, as some chains look to pass on the higher prices to Americans across the income spectrum.Home Depot and Lowe’s will kick things off Tuesday and Wednesday, respectively, with investors watching for signs of a possible rebound after a somewhat disappointing spring . Credit card data shows Home Depot’s sales were largely flat year-over-year , while Lowe’s eked out modest gains.Both chains are seeing demand skew toward professionals rather than homeowners, as high mortgage rates — still hovering near 7% — freeze the housing market and suppress big-ticket DIY purchases among individual households.Target, reporting Wednesday, is arguably in an even tougher spot. High-income customers are pulling back, store traffic is falling, and margins are under pressure. Last quarter’s results missed the mark , and the company is facing growing price sensitivity just as it's being asked to absorb rising costs. Its affluent, discretionary-heavy customer base — a strength in boom times — has more recently become a liability as trade wars, inflation, and recession fears encourage customers to tighten their belts, not open their wallets for impulse purchases.Walmart, for its part, looks to be thriving amidst the chaos. Earnings are due Thursday, and investors expect more gains in grocery and essential items like socks and shampoo, especially as higher-income shoppers trade down amid amid macro uncertainty. Long a deflationary force in U.S. retail, Walmart has recently begun raising prices. This shift is likely to have broad implications because, as the nation’s largest retailer, Walmart’s moves may give competitors permission to follow suit.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,411.37 -37.78 (-0.59%)Dow 3044,922.27 +10.45 (+0.02%)Nasdaq21,314.95 -314.82 (-1.46%)Russell 20002,276.61 -17.86 (-0.78%)VIX15.57 +0.58 (+3.87%)Gold3,359.00 +0.30 (+0.01%)PortfolioSign in to access your portfolioSign inTop gainersWW WW International, Inc. 34.00 +3.23 (+10.50%)PINC Premier, Inc. 26.21 +1.78 (+7.29%)INTC Intel Corporation 25.31 +1.65 (+6.97%)NWE NorthWestern Energy Group, Inc. 58.41 +3.48 (+6.34%)LXP LXP Industrial Trust 8.65 +0.51 (+6.27%)Top losersVKTX Viking Therapeutics, Inc. 24.36 -17.73 (-42.12%)NEGG Newegg Commerce, Inc. 89.40 -17.72 (-16.54%)FN Fabrinet 285.23 -41.89 (-12.81%)CRDO Credo Technology Group Holding Ltd 106.30 -12.44 (-10.48%)LNZA LanzaTech Global, Inc. 19.72 -2.29 (-10.40%)Most activeOPEN Opendoor Technologies Inc. 3.6200 -0.1600 (-4.23%)INTC Intel Corporation 25.31 +1.65 (+6.97%)NVDA NVIDIA Corporation 175.64 -6.37 (-3.50%)PLTR Palantir Technologies Inc. 157.75 -16.28 (-9.35%)WULF TeraWulf Inc. 8.78 -0.60 (-6.40%)Earnings eventsTrending tickersPLTR Palantir Technologies Inc. 157.75 -16.28 (-9.35%)AMD Advanced Micro Devices, Inc. 166.55 -9.59 (-5.44%)ORCL Oracle Corporation 234.62 -14.45 (-5.80%)VKTX Viking Therapeutics, Inc. 24.36 -17.73 (-42.12%)NVDA NVIDIA Corporation 175.64 -6.37 (-3.50%)Top economic events