Federal Reserve Chairman Jerome Powell recently commented on the stock market’s elevated valuation. The U.S. stock market has been abnormally volatile this year. The S&P 500 (^GSPC 1.56%) crashed when President Donald Trump announced sweeping tariffs in April, falling 10.5% to record its fifth biggest two-day drop in history. The index ultimately declined 19% from…
A broad-based selloff swept global stock markets this morning after U.S. Treasury Secretary Scott Bessent told the Financial Times that China “will be hurt the most” if it doesn’t submit to Washington’s trade demands. At the same time, China showed no signs of backing down from President Trump’s trade war: It imposed sanctions banning Chinese…
U.S. stock futures declined on Tuesday following Monday’s reversal rally. Futures of major benchmark indices were lower. Leading the charge on Monday, Oracle Corp. (NYSE:ORCL) shares jumped more than 5%, while Nvidia Corp. (NASDAQ:NVDA) gained almost 3%. Broadcom Inc. (NASDAQ:AVGO) soared around 10% after OpenAI pledged a $500-billion investment to co-develop 10 gigawatts of custom…
US stock futures slumped on Tuesday after China upped the ante in its trade spat with the US, rattling investors’ nerves in the wait for big Wall Street’s banks to kick off earnings season. Dow Jones Industrial Average futures (YM=F) slid roughly 0.6%, while those on the S&P 500 (ES=F) dropped 0.9%. Contracts on the…
You would be forgiven for thinking lately that AI is the only thing markets care about. Exuberance around AI technology has fueled a face-melting rally in stocks this year, but President Donald Trump reminded investors of two things on Friday: the trade war is still a risk, and—more importantly—Trump is still king when it comes…
Traders are keeping tabs on Japanese political turmoil after the coalition government collapsed, threatening Sanae Takaichi’s ascent to prime minister (Yuichi YAMAZAKI) Asian stocks sank Tuesday on fresh trade war worries after China imposed curbs on US units of a Korean shipbuilder, dealing a blow to hopes that a flare-up at the weekend had been…
US stock futures turned lower on Tuesday after China retaliated to US shipping curbs, reviving trade-war fears for investors waiting for Wall Street’s biggest banks to kick off earnings season. Dow Jones Industrial Average futures (YM=F) slid 0.4%, while those on the S&P 500 (ES=F) dropped 0.7%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) sank…
Asia stocks trade mostly lower on Tuesday, despite a strong Wall Street rally overnight amid easing US-China trade tensions, with Presidents Donald Trump and Xi Jinping expected to meet later this month. The renewed trade tensions between the U.S. and Chi Source link
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7.58am: BP guides to mixed quarter BP PLC (LSE:BP.) has put out a short trading update before its full quarterly results next month, saying it expects stronger upstream and refining performance in the third quarter of 2025, though oil trading results are likely to be weak. Brent crude oil average prices were higher in the period,…