GAGA Share Market News

[hfe_template id='11223'] [ad_1] Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in early April. The U.S. and China announced on Monday that they would slash steep tariffs on each other for 90 days. The U.S. said it will cut tariffs imposed on Chinese imports to 30% from 145% while China said it would cut duties on U.S. imports to 10% from 125%. Investors showed some relief by favoring riskier assets and turning away from more defensive bets, but they were still left waiting for clarity on where tariffs would ultimately settle. "It's a relief rally because there was a lot of anxiety and angst about tariffs between the U.S. and China," said John Praveen, managing director at Paleo Leon in Princeton, New Jersey, adding that the w...

[hfe_template id='11223'] [ad_1] U.S. stocks ended slightly lower on Tuesday as tariff uncertainty stayed high and shares of consumer and healthcare companies eased, while upbeat results from banks provided some support. Shares of Bank of America and Citigroup rose following their results. Still, bank executives warned that U.S. consumer spending faces huge risks if the upheaval sparked by President Donald Trump's trade policy goes on. Among the biggest weights on the Dow was Boeing. The stock fell 2.4% after Bloomberg reported, citing people familiar with the matter, that China has ordered its airlines not to take further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods. Federal Register filings on Monday showed the Trump administration was also proceeding with probes into imports of pharmaceuticals and semiconductors, as part of a bid to impose tariffs on the sectors. Live Events Trump's April 2 announcement...

[hfe_template id='11223'] [ad_1] U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration's tariffs announcement last week. Investors had been anticipating another week of turbulence as global trading partners react to the harsher-than-expected tariffs. U.S. S&P 500 E-minis stock futures were last down 4%. Dow E-minis were down 3.8%, while Nasdaq 100 E-minis were down 4.6% at the open on Sunday. In the two days following Trump's Wednesday tariff announcement, the benchmark S&P 500 index fell 10.5% and lost about $5 trillion in market value. It was the biggest two-day loss since March 2020. Thursday and Friday's steep slide put the S&P 500 down more than 17% from its February 19 all-time closing high, and brought it closer to bear market territory, which is typically defined as a 20% decline. "The bull market is dead," ...

[hfe_template id='11223'] [ad_1] A critical inflation report in the coming week could further rattle an increasingly tumultuous U.S. stock market, with investors worried about an economic growth slowdown and President Donald Trump's tariffs. Despite a gain on Friday, the benchmark S&P 500 marked its worst week in six months. The tech-heavy Nasdaq Composite on Thursday ended down more than 10% from its December all-time closing high, confirming it has been in a correction for several months. Investors were grappling with dramatic policy change around the world. Trump's back-and-forth implementation of fresh tariffs on Mexico, Canada and China exacerbated broad concerns about the economy. Markets were also shaken by Germany's surprise spending plans, which drove a selloff in the benchmark German Bund. As recent U.S. economic data has disappointed, one silver lining for stocks has been markets factoring in more interest rate cuts by the Federal Reserve this...

[hfe_template id='11223'] [ad_1] The S&P 500 ended little changed on Wednesday ahead of quarterly results from Nvidia, whose positive outlook could set the tone for the artificial intelligence sector. Stocks lost ground in afternoon trading, with investors digesting the latest comments from U.S. President Donald Trump on tariffs. Trump said on Wednesday his administration will soon announce a 25% tariff on imports from the European Union. He also raised hopes for another pause on steep new tariffs on imports from Mexico and Canada by saying they would take effect on April 2, about a month later than a deadline next week. After the closing bell, Nvidia's shares were up about 2% in choppy trading. The AI tech leader forecast first-quarter revenue above market estimates. Nvidia's stock ended the regular session up 3.7%, while an index of semiconductors was up 2.1% on the day. The launch and popularity of low-cost AI models from China's DeepSeek had rattle...

[hfe_template id='11223'] [ad_1] India’s headline index, Nifty, is likely to end 2024 in the green, marking its 9th consecutive positive closing. Down nearly 10% from its lifetime peak, the 50-stock index has had a mixed year, trailing major global indices like the Nasdaq Composite, Nikkei, Hang Seng, and Shanghai Composite, while staying ahead of the Straits Times Index, FTSE, and KOSPI, among others. Commenting on the market action in 2024, Vivek Sharma, Investment Head at Estee Advisors, called it a "mixed bag" for Indian markets— not the best, but far from the worst. According to him, the real shift in momentum occurred in October when foreign institutional investors (FIIs) started selling in the domestic market. A performance analysis of major global indices in 2024 reveals that Nifty’s 9% returns are behind those of its US, Japan, Hong Kong, and some European counterparts. The Nasdaq Composite leads with a 36% return, followed by the S&P 500 and Hang ...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts. While traders were still betting on a 25-basis point reduction at the Fed's December meeting, the probability fell to 62% from 76% earlier in the afternoon and from 82.5% on Wednesday, the CME FedWatch tool showed. "The comments from Powell put more cold water on what used to be a very optimistic outlook on the path for rate cuts," said Adam Hetts, global head of Multi-Asset at Janus Henderson Investors. "However, we can't take for granted that inflation and labor are in balance so this is an encouragin...

[hfe_template id='11223'] [ad_1] Japanese shares led gains in Asian equities after US stocks climbed to record highs as investors positioned for a second Donald Trump presidency. The yen stabilized in early Asian trade after sliding on Wednesday. Benchmark indexes in Japan climbed for a third day echoing the gains on Wall Street, while those in South Korea and Australia ticked lower. The S&P 500 jumped 2.5% higher Wednesday, its best post-election day in history, and the Nasdaq 100 rose 2.7%. The Federal Reserve is expected to cut interest rates on Thursday. Gains for US stocks reflected expectations that a Trump policy agenda favoring lower taxes and less regulation may support corporate profits. An index of US banks surged almost 11% on forecasts that potential tax cuts, reduced regulation and the prospect of elevated interest rates would support bank earnings. A benchmark of US small-caps, which can outperform during periods of economic expansion, rose 5.8%. Hong ...