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[hfe_template id='11223'] [ad_1] Wall Street's main indexes rose on Friday for their fifth straight day, buoyed by the U.S.-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment. The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride. The University of Michigan Surveys of Consumers said its Consumer Sentiment Index slumped further in May while one-year inflation expectations surged to 7.3% from 6.5% last month. All three main indexes boasted weekly gains after starting out with a steep rally on Monday - after Washington and Beijing agreed to a 90-day pause in their escalating trade war. This was days after the U.S. President and British Prime Minister announced a limited bilateral trade agreement. Lindsey Bell, chief market strategist at Clearnomics, New York, said Friday's advance was a "carry on from the de-escalation in the trade conflict."...

[hfe_template id='11223'] [ad_1] Just like that, the panic on Wall Street has vanished almost as quickly as it arrived.Only weeks ago, traders from Singapore to New York were bracing for the economic fallout from President Donald Trump’s trade war. Global markets had shed trillions in value and American financial dominance faced its sharpest scrutiny in years. Now, the investment landscape looks markedly different. Trump is touting tariff progress on a near-daily basis — helping cool stagflation concerns while pumping up the “buy America and fade the fear” narrative once more. In turn, risky assets have mounted a swift rebound. The S&P 500 has just closed out its second-best week of the year, while credit and crypto have rallied anew. Yet for all that, a cohort of naysayers is pushing back. Short interest in the world’s biggest exchange-traded fund tracking the Nasdaq 100 has grown and now sits almost three times its February low. And in corporate bonds, bearish posi...

[hfe_template id='11223'] [ad_1] Asian stocks followed gains in US equities on optimism the US-China trade truce marks the end to an all-out tariff war. Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher. Japan’s Topix gained for a 13th day, putting it on track for it longest winning streak in 16 years. A gauge of US-listed Chinese stocks surged 5.4% on Monday in its best session in over two months. The dollar was little changed in Asia after jumping Monday. The return of risk appetite came as trade negotiators from the world’s two biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%. For investors shocked into defensive measures at the height of April’s chaos, the rebound in markets has been a mixed blessing. Shorting the dollar, goi...

[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] Wall Street's main indexes seesawed on Friday, as investors parsed President Donald Trump's latest comments on U.S.-China tariffs ahead of a weekend of trade talks between the two superpowers. Trump said Beijing should open its market to the United States and that 80% tariffs on Chinese goods "seems right." The levies are currently at 145%. Representatives from U.S. and China are scheduled to meet in Switzerland over the weekend to discuss tariffs, with investors hoping the talks will salve a bruising trade war that has raised concerns over global economic growth and left markets, companies and the Federal Reserve in wait-and-watch mode. "The tariff, whether it's 140% or 80%, the number sounds like a difference, but if there's still a tariff of 80%, most people are not going to buy stuff," said Michael Matousek, head trader at U.S. Global Investors. Investors are likely de-risking their portfolios ahead...

[hfe_template id='11223'] [ad_1] The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week. On Sunday, Trump announced a 100% tariff on movies produced outside the U.S. but provided no details on how such levies would be implemented. Stocks have been volatile since Trump announced his first round of tariffs on April 2, with the S&P 500 initially dropping nearly 15%, only to stabilize and climb for the last nine straight sessions, its longest streak since 2004. On Monday, Treasury Secretary Scott Bessent said Trump's tariff, tax-cut and deregulation agenda would work together to drive long-term investment to the U.S., adding markets could overcome any short-term turbulence. "Nine up days in the S&P 500 is hard to maintain," said Art Hogan, chief market strategist at B Ri...

[hfe_template id='11223'] [ad_1] U.S. stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade tensions brought buyers in from the sidelines. U.S. stocks jumped further in extended trade after President Donald Trump said he has no plans to fire Federal Reserve Chair Jerome Powell, stepping back from his recent rhetoric against the central bank chief. Trump also told reporters he would be very nice in negotiations with China, and that tariffs on imports from the country would fall significantly following a deal, but not to zero. In a sign that traders expect Wall Street to rally on Wednesday, S&P 500 futures jumped almost 2% following Trump's comments, while Amazon.com and Nvidia were last up 3% each and Apple climbed 2% in after-hours trading. During Tuesday's session, a broad rally boosted all three major U.S. indexes by more than 2.5%, as investors looked past Trump's attacks against Powe...

[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] Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq toward a bear market, after China imposed fresh tariffs on all U.S. goods in response to the Trump administration's sweeping levies, escalating a global trade war and concerns of a recession. At 12.53 pm, the Dow Jones dropped 1,607.09 points or 3.96% to 38,938.84, the S&P 500 declined 258.10 points or 4.78% to 5,138.49, and the Nasdaq fell 817.82 points or 4.94% to 15,732.78. China's finance ministry said on Friday it would impose additional tariffs of 34% on all U.S. goods from April 10 after U.S. President Donald Trump raised tariff barriers to their highest level in more than a century this week. The tariff war has sent shockwaves through global financial markets and raised fears of an economic downturn, with investment bank JP Morgan forecasting a 60% chance of the global economy entering a recession by year-end, up from 40% previously. ...

[hfe_template id='11223'] [ad_1] Asian stocks posted modest gains in early trading Wednesday as investors search for a clear direction amid weaker US consumer confidence and a late rally in US equities. Indexes rose in Sydney and Tokyo and futures pointed to slight gains for Hong Kong. The S&P 500 climbed 0.2% Tuesday after fluctuating for most of the session to notch up its longest rising streak in almost seven weeks, despite a drop in consumer confidence. The Nasdaq Golden Dragon China Index tumbled for a sixth consecutive day, its longest losing streak in more than a year. The 10-year US Treasuries yield edged up to 4.33% in early Asian trading after falling in the previous session. The dollar was little changed after ending a four-day rally Tuesday. US copper surged to a record. Oil rose early on Wednesday after an industry report indicated a drawdown in US inventories. While markets have taken some comfort from President Donald Trump’s recent comments about the ...

[hfe_template id='11223'] [ad_1] U.S. stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump's escalating trade war fueled recession fears and doused risk appetite. A broad rally boosted all three major U.S. stock indexes to solid gains, with recently battered tech-related megacaps enjoying a comeback. Every one of the so-called Magnificent 7 artificial intelligence-related momentum stocks advanced, although six of them remain down on the year. The S&P 500 and Nasdaq logged their biggest one-day percentage gains since November 6, the day after the U.S. presidential election. Chips were outperformers, rising 3.3%, while the FANG group of tech-adjacent momentum stocks advanced 3.2%. "I don't see a catalyst that would spark this huge upside we're seeing in markets," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. Live Events "We'...

[hfe_template id='11223'] [ad_1] U.S. stocks rallied to their best day in months on Friday as Wall Street's roller coaster suddenly shot back upward. That still wasn't enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% below its record for its first " correction " since 2023. The last time the index shot up that much was the day after President Donald Trump's election, when Wall Street was focusing on the upsides of Trump's return to the White House. The Dow Jones Industrial Average climbed 674 points, or 1.7%, and the Nasdaq composite jumped 2.6%. A multi-day "relief rally could be coming" after so much negativity built among investors, said Yung-Yu Ma, chief investment officer at BMO Wealth Management. Swings in sentiment don't go full-tilt in just one direction forever, and the U.S. stock market has been tumbling...

[hfe_template id='11223'] [ad_1] Even as Donald Trump’s trade war sends the US stock market hurtling toward a correction, the individual investors who rode the bull run to record highs haven’t yet given up their faith. The so-called retail investors poured $7.3 billion into equities in the week through Wednesday, when they boosted exposure to perennial favorites like Tesla Inc., according to Emma Wu, a global quantitative and derivatives strategist at JPMorgan Chase & Co. They weren’t riding the usual momentum upward. In fact, the S&P 500 Index slipped over 4% and big tech stocks gave up even more. But, unbowed, they also put billions into leveraged exchanged traded funds that magnify the returns on indexes like the Nasdaq 100 or popular funds like the ARK Innovation ETF (ticker ARKK) run by Cathie Wood. Bloomberg The push reflects confidence that’s built up since the Global Financial Crisis as US equities — with a few exceptions — tended to rise year after year....

[hfe_template id='11223'] [ad_1] Equities declined on Monday as increasing concerns about economic growth in the US weigh on investors and China’s inflation dipped below zero for the first time in a year. Benchmarks in Japan and South Korea declined, dragging a gauge of Asian equities lower. Futures contracts for the S&P 500 declined as much as 1.1% in early trading while those for the tech-heavy Nasdaq 100 sank even more. Treasury yields slipped across maturities. Oil fell on Monday after posting a seventh weekly loss, and Bitcoin extended its drop to a fifth session. A gauge of the dollar declined for a sixth consecutive day, the longest losing streak in a year. A myriad of headlines around the economy, tariffs and geopolitical developments combined for a roller-coaster week for markets. Bond traders are signaling an increasing risk that the US economy will stall as President Donald Trump’s chaotic tariff rollouts and federal-workforce cuts threaten to further rest...

[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] Wall Street's main indexes were mixed in choppy trading on Friday as investors avoided large bets after data showed consumer spending fell in January, exacerbating worries that the world's largest economy might be stalling. A Commerce Department report showed that inflation rose in line with expectations in the previous month. However, consumer spending, which accounts for more than two-thirds of the economy, dropped 0.2% after an upwardly revised 0.8% increase in December. "Spending came in lower than we were looking for... most of it I would attribute to a cooling economy, which presents a dilemma for the Fed in the sense that you still have inflation and you have an economy that is moving lower. If you add them together, that equals stagflation," Peter Cardillo, chief market economist at Spartan Capital Securities. Friday's report is important for investors trying to gauge the central bank's next policy move, ...

[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] U.S. stocks tumbled on Friday, extending their selloff in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand. All three major U.S. stock indexes moved decisively lower on the heels of the data, and continued their slide into afternoon trading. The S&P 500 suffered its largest single-day percentage drop since December 18, as did the small cap Russell 2000. For the week, all three indexes lost ground, with the Dow registering its steepest Friday-to-Friday plunge since mid-October. "I don't like all this red on a Friday," said Greg Bassuk, CEO at AXS Investments in New York. "We're seeing consumer sentiment, tariffs and corporate earnings having leap-frogged AI and technology as the primary drivers of market direction." Economic data showed U.S. business activity decelerating and consumer sentiment deter...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes were muted on Friday, as investors awaited more clarity on U.S. President Donald Trump's reciprocal tariff plans after robust gains in the last sessions, with all three benchmarks set for weekly gains. Trump tasked his economics team on Thursday with devising plans for reciprocal tariffs on every country taxing U.S. imports, though the directive stopped short of imposing fresh tariffs. Howard Lutnick, Trump's pick for commerce secretary, said the administration would address each affected country one by one and said studies on the issue would be completed by April 1. "The tariff news created a lot of volatility about two weeks ago, but right now it seems that the markets are looking past it," said Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report. "The markets probably see the tariffs as more of a negotiating tool than anything else." Imposit...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting. The technology sector was the biggest drag on the market as megacap stocks, including artificial intelligence chip leader Nvidia, reversed a sharp rally earlier in the week. The housing market data was hotter than expected, while an S&P Global survey showed business activity slowing to a nine-month low in January as prices rose. However, firms reported increased hiring, supporting the Federal Reserve's cautious approach to monetary policy this year. The University of Michigan's final estimate on consumer sentiment dropped to 71.1 from a previous estimate of 73.2. At the end of a relatively light week for data, traders were betting the Fed would keep borrowing costs unchanged at its Jan. 28-29 m...