The US trade partners that believed they had worked out agreements with President Trump to avoid the harshest tariffs — such as the exemption for UK steel — are still waiting for their “deals” to be sealed, Bloomberg reports. And they’re growing impatient as the tariffs’ impact are beginning to have economic consequences. “We’re continuing…
Several major retailers will report earnings in the coming week, which may give a first glimpse into how President Trump’s tariffs have affected their bottom lines. The list includes Walmart (WMT), Target (TGT), Home Depot (HD), Lowe’s Companies (LOW) TJ Maxx parent TJX Companies (TJX) and Ross Stores (ROST). During Walmart’s first-quarter earnings call, CEO…
The Dow Jones Industrial Average and other major indexes remained mixed but weakened further Thursday midday, as investors scoured over earnings reports and President Donald Trump announced his chip tariff plan. Trump also made comments about the leader of Intel, causing its shares to sink on the stock market today. The Dow Jones Industrial Average…
U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after a slew of companies cited higher duties in their earnings reports, and weaker-than-expected economic data dented their sentiment. All three major indexes ended in negative territory. The Dow Jones Industrial Average (DJI) declined 0.1% or 61.90 points to close at 44,111.74…
Pedro Goncalves writes: Shares in American Eagle Outfitters were higher in pre-market trading and closed 23% higher on Monday after US president Donald Trump complimented the retailer’s marketing campaign with actress Sydney Sweeney. “Sydney Sweeney, a registered Republican, has the ‘HOTTEST’ ad out there,” Trump wrote in a post on Truth Social, the social media…
Stocks tumbled from record highs on Friday as data revealed the US labor market is not on as solid footing as previously thought. On the week, the S&P 500 (^GSPC) fell nearly 2.4%, while the Nasdaq Composite (^IXIC) slid 2.2% and the Dow Jones Industrial Average (^DJI) shed 1.2%. Markets will be greeted with a…
By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian equities slipped on Thursday, weighed down by weaker-than-expected Chinese activity data and a plunge in copper prices, while the yen firmed after the Bank of Japan raised its inflation forecast for the fiscal year and held rates steady. The revised forecast suggested cautious optimism that Japan’s trade deal…
US stock futures slipped as Wall Street geared up for a packed week of key earnings reports and economic data. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) ticked down 0.1%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) fell 0.2%. CBOT – Delayed Quote • USD As…
Stocks mostly edged higher on Monday ahead of more Big Tech earnings this week, with a focus on tariff negotiations between the US and its trading partners. The S&P 500 (^GSPC) rose more than 0.1%, while the Dow Jones Industrial Average (^DJI) also gained 0.2%. The Nasdaq (^IXIC) was little changed. Wall Street is coming…
Stock futures edged lower ahead of a big week of earnings reports and macroeconomic data that will continue to paint an early picture of the US economy’s response to President Trump’s tariffs. Futures tied to the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) drifted down 0.3% each. Futures attached to the Nasdaq (NQ=F)…