US stocks were drifting on Friday as investors assessed economic data and corporate earnings. At 10:16 a.m. ET, the Dow Jones Industrial Average fell 101.48 points, or 0.24per cent, to 44,459.53, the S&P 500 lost 3.62 points, or 0.06per cent, to 6,115.09 and the Nasdaq Composite lost 17.56 points, or 0.09per cent, to 20,034.29. At…
In the first week since Donald Trump returned to the White House, emerging-market currency traders are celebrating the small wins. The absence of tariffs on Chinese imports, for now, was enough to fuel gains in developing-world currencies, leaving a benchmark index on track to climb 1.1% this week, its best performance since November 2023. Trump’s…
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would “demand” lower interest rates. “With oil prices going down, I’ll demand that interest rates drop immediately,” he told the crowd of business leaders and politicians gathered…
Why Goldman Sachs Analysts See Risk Of A Massive 30% Correction In The Stock Market In 2025 Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. There is a saying in Vegas that “everyone loves a gambler until they lose,” and if you’ve ever seen crowds gather…
On Wall Street, market participants will see the holiday-shortened but a busy week ahead. On Monday, markets will remain closed on account of Martin Luther King Jr. Day. As on Monday Donald Trump’s inauguration as US President is scheduled, investors will closely watch the executive orders of the new administration to be announced in the…
Donald Trump’s victory in the November US presidential election sparked an immediate rally in markets, with stocks flying, the dollar soaring and Bitcoin leaping off the charts. But just two months later, the Republican is set to return to the White House, and only some of those trades endure. The reversal was first apparent in…
The S&P 500 (^GSPC) just logged its best week since the November election as a cooler-than-expected inflation reading eased concerns that the Federal Reserve may rule out interest rate cuts for all of 2025. For the week, the S&P 500 jumped more than 3%, while the tech-heavy Nasdaq Composite (^IXIC) rose more than 2.6%. The…
US stocks have looked sluggish at times over the past several weeks as rising rates and debate over whether the Federal Reserve will cut interest rates in 2025 sent the S&P 500 (^GSPC) to its lowest levels since the election. But a better-than-expected inflation reading on Wednesday helped US markets perk up, and Bank of…
New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%…
Asian equities tracked Wall Street’s gains as cooling US core inflation kept alive the prospect of Federal Reserve easing this year. The yen jumped on Bank of Japan rate-hike expectations. Gauges in Australia, Hong Kong and South Korea all advanced, sending an index of Asian equities higher for a third day. The S&P 500 closed…