Markets seem to be driven mostly by changes in monetary-policy expectations, according to Annex Wealth Management's Brian Jacobsen
Intel jumped 29% and was set for its biggest one-day gain since October 1987 after Nvidia said it would invest $5 billion in the struggling US chipmaker. Peer Advanced Micro Devices slipped 3.1%
The Dow's gains have been propelled by a solid year-to-date performances from Wall Street bank Goldman Sachs, tech giant Microsoft and industrial equipment maker Caterpillar
Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the US take effect. The S&P 500 lost 0.8 per cent Monday. The Dow Jones Industrial Average gave back 0.9 per cent, and the Nasdaq composite fell 0.9 per cent. Tesla tumbled as the feud between CEO Elon Musk and President Donald Trump reignited over the weekend. Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republican spending bill that passed last week. US stocks are losing ground in afternoon trading Monday as the Trump administration steps up pressure on trading partners to make deals before punishing tariffs imposed by the US take effect. The S&P 500 was down 1.2 per cent in the first day of trading in the US after a holiday-shortened week. The benchmark index remains near its all-time high set last week. The Dow Jones Industrial Average was down 641 points, or 1.4 per ...
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The most likely bloc to enjoy long-term appreciation against the USD remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 yrs ago, Wood said
US central bank said the economy continued to expand at a solid pace, it noted that risks of higher inflation and unemployment had risen as it grapples with the impact of Trump's tariff policies
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02 per cent, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97 per cent
With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India
On the face of it, the exemption of 20 product types accounting for 23 per cent of US imports from China was a boon to manufacturers
After an initial jump, S&P 500 futures pared gains to be up 0.8 per cent, while Nasdaq futures rose 1.25 per cent
US stocks jumped Friday in another manic day on Wall Street, while the falling value of the US dollar and other swings in financial markets suggested fear is still high about escalations in President Donald Trump's trade war with China. The S&P 500 rallied 1.8%, after veering repeatedly between gains and losses, to cap a chaotic and historic week full of monstrous swings. The Dow Jones Industrial Average went from an early loss of nearly 340 points to a gain of 810 before settling at a rise of 619 points, or 1.6%, while the Nasdaq composite jumped 2.1%. Stocks kicked higher as pressure eased a bit from within the US bond market. It's typically the more boring corner of Wall Street, but it's been flashing serious enough signals of worry this week that it's demanded investors' and Trump's attention. The yield on the 10-year Treasury topped 4.58% in the morning, up from 4.01% a week ago. That's a major move for a market that typically measures things in hundredths of a percentage ..
US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions
Billionaires earned $304 billion in a day after Trump paused tariffs; Musk up $36 billion. Critics allege market manipulation over his bullish post before the surprise move
Battered global markets and anxious global leaders welcomed Wednesday's reprieve when Trump suddenly decided to freeze most of his hefty new duties for 90 days
US stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday's surge of 9.5% following Trump's decision to pause many of his tariffs worldwide. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%. Trump blinks, UBS strategist Bhanu Baweja wrote in a report about the president's decision on tariffs, but the damage isn't all undone. Trump has focused more on China, raising tariffs on its products to well above 100%. Even if that were to get negotiated down to something like 50%, and even if only 10% tariffs remained on other countries, Baweja said the hit to the US economy could still be large enough to hurt expected growth for upcoming US corporate profits. The losses for US stocks accelerated Thursday after the White House clarified that the United States will tax Chinese imports
NEW YORK (Reuters) -Stock indexes posted their biggest one-day gains in years, with the S&P 500 recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs.
Global markets crashed as Trump's tariffs sparked 'Black Monday' fears, flooding social media with 'Orange Monday' memes. Markets say Orange is the New Black Monday
Investors had thought the loss of trillions of dollars in wealth and the likely body blow to the economy would make Trump reconsider his plans
Donald Trump's post follows a major decline in US stock markets the previous day, which heightened concerns about a possible global economic slowdown