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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] 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] U.S. stocks closed higher on Thursday, rallying for a third straight day with a solid boost from technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the U.S.-China tariff stand-off. All three major U.S. stock indexes posted sharp gains, with the "magnificent seven" group of artificial intelligence-related megacaps, boosted by AI-powered software firm ServiceNow's better-than-expected quarterly results, giving the Nasdaq the edge. Beijing called for cancellation of U.S. tariffs on Chinese goods, following comments from U.S. Treasury Secretary Scott Bessent signaling the White House could be willing to de-escalate trade tensions that have whipsawed markets for weeks. Easing tariff rhetoric is "part of the reason why you're seeing the chips lead because they've been kind of in the bull's eye in (the trade dispute) between China and the U.S.," said ...

[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] President Donald Trump on Tuesday backed off from threats to fire Federal Reserve Chair Jerome Powell after days of intensifying criticisms of the central bank chief for not cutting interest rates. "I have no intention of firing him," Trump told reporters in the Oval Office on Tuesday. "I would like to see him be a little more active in terms of his idea to lower interest rates," he added. The de-escalation drew an immediate thumbs up from Wall Street, as equity index futures jumped by nearly 2% on the resumption of trading on Tuesday evening. Stocks, bonds and the U.S. dollar had all slumped on Monday after Trump over the Easter holiday weekend repeatedly attacked Powell for not cutting interest rates further since the president resumed office in January. "Whether this reflects Monday's brutal foretaste of what would happen in markets if he did try to fire Powell, or was the plan all along, it is a clear po...

[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] 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] A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend. An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA — has gained more than 40% this year. That compares with an about 10% drop in an index of the Magnificent Seven stocks, whose slump has also pushed the Nasdaq 100 Index to the brink of a correction. It’s a sharp reversal of fortunes that few in Wall Street saw coming. Earlier this year, the Nasdaq gauge had notched yet another record, while Chinese stocks were still marred by years of regulatory crackdown and a tepid consumption recovery. Then almost overnight, DeepSeek upended the perception that it will take years — if ever — for China to catch up to the level of America’s AI supremacy. Chinese tech st...

[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] 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...

[hfe_template id='11223'] [ad_1] NEW YORK: U.S. stocks dipped on Thursday as a jump in the prior session cooled, while investors eyed the most recent corporate earnings and gauged economic data to determine the path of Federal Reserve rate cuts. A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday. But stocks swayed between modest gains and losses on Thursday after economic data on Thursday indicated consumer spending remains strong, while the labor market is also on solid footing, giving the Fed room to maintain a slow pace in cutting interest rates this year. "The market breathed a pretty good sigh of relief yesterday. Now January's undecided, but at least on a little bit better footing to see where we end up, and we can look at some more data and some earnings and see how that's all going to turn out,...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes moved higher on Friday as technology stocks rebounded from a losing streak, while investors geared up for potential policy shifts under the incoming Trump administration. At 10:05 a.m. ET, the Dow Jones Industrial Average rose 181.31 points, or 0.43%, to 42,569.94, the S&P 500 gained 47.44 points, or 0.81%, to 5,915.99 and the Nasdaq Composite gained 236.31 points, or 1.24%, to 19,519.58. All 11 S&P 500 sectors were trading in positive territory, with the information technology sector bouncing back 1.3% after falling for the past four sessions. Nvidia was driving gains on all three major indexes. Wall Street had a dour start to the new year, with the S&P 500 and Nasdaq erasing early gains to close lower for a fifth straight session on Thursday, bucking a historical trend where markets rally in the last five sessions of December and the first two sessions of January. All three major indexes were o...

[hfe_template id='11223'] [ad_1] Tech and growth stocks dragged Wall Street's main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven by expectations around a traditionally strong period for markets. Yields on some U.S. Treasury notes were higher on the day, with the ones on the benchmark 10-year note hovering near an over seven-month high they hit on Thursday. The yields on the benchmark 10-year note were last at 4.587%. Rate-sensitive growth stocks dropped with Nvidia down 3% and Tesla off by 3.8%, while Microsoft shed 2%. Ten of the 11 major S&P sectors, including information technology and consumer discretionary fell the most, down about 2% and 1.9%, after powering most of the broader market's gains in 2024. "Tech, which has had a tremendous run, is starting to pull back. It is the beginning of a healthy correction that will get focused in on over the next four to eight weeks as we switch administrations," sa...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. Both the Dow Jones Industrial Average and Nasdaq Composite scored four straight sessions of gains, with the S&P 500 taking its winning streak to three sessions, marking the first day of the seasonal Santa Claus rally. The Dow had skidded for 10 straight sessions earlier this month, its longest losing streak since 1974. With megacap stocks having outsized influence on markets, their performance is often a key driver of indexes. When coupled with reduced trading volumes and few other catalysts, as many investors take time off for the holidays, this is even more pronounced. All the so-called Magnificent Seven megacap technology stocks climbed on Tuesday, led by the 7.4% jump in Tesla shares. The automaker's best one-day gain in six weeks helped push the consumer discretion...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average inched down on Wednesday as investors avoided active bets with Wall Street closed for the Christmas holiday. The Nikkei was down 0.12% at 38,990.56 by the midday break, after rising as much as 0.37% after the open. "The market struggled to find direction with foreign investors away for the holiday season," said Fumio Matsumoto, chief strategist at Okasan Securities. "This time of the year, local individuals were the only ones active in trading but they do not want to place active bets when large stocks do not move actively with the absence of foreign investors." Entertainment company Konami fell 1.74% to drag the Nikkei the most. Drugmaker Daiichi Sankyo lost 1.41% and phone company KDDI slipped 0.59%. The broader Topix fell 0.62% to 2,710.25, dragged lower by Toyota Motor's 0.88% fall. Mitsubishi UFJ Financial Group lost 0.91%. Honda Motor slipped 0.77% after surging 12.2% in th...

[hfe_template id='11223'] [ad_1] Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week. A Thursday Labor Department report showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Initial claims for U.S. unemployment benefits unexpectedly climbed last week, raising concerns about labor-market resilience. "Investors are just trying to suss out what is the Fed going to do next week? Is inflation really going to be a problem and the Fed has to really slow its role on rate cuts, or can they get there?" said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle. Haworth added there was profit-taking after the Nasdaq touched an all-time high on Wednesday. The Nasdaq had surged past the 20,000 mark for the first time on Wednesday, driven by a strong ...

[hfe_template id='11223'] [ad_1] Indian headline equity indices Sensex and Nifty50 opened marginally higher on Thursday, tracking other global peers, after in-line US inflation data reinforced expectations of a Federal Reserve rate cut next week. The BSE Sensex was trading 116 points, or 0.14%, higher at 81,642. The Nifty50 was up 13 points, or 0.07%, trading at 24,659 around 9:27 am. Other Asian markets also ticked higher, with the MSCI Asia ex-Japan index gaining 0.4%. Meanwhile, most Wall Street equities closed higher overnight after data showed the U.S. consumer price index (CPI) rose 0.3% on a monthly basis and 2.7% on a yearly basis in November. The odds of a 25-basis-point Fed rate cut rose to about 99%, up from 89% a day ago, according to CME FedWatch. The Nifty IT index rose 0.83%, led by 1-2% gains in Tech Mahindra, Persistent Systems, Coforge, and Mphasis. Other major indices, including Nifty Bank and Nifty Financial Services, also opened higher. In contrast,...