Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Andrew Harrer | Bloomberg | Getty Images President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and earnings seeping back in along with all the uncertainty on what a new administration will actually do come…
The post-election rally came to a halt this week as investors started to get a better sense of what a second Donald Trump term might look like, with the president-elect announcing several picks for ranking positions within his administration. By Friday’s close, the S & P 500 was 2.08% lower on the week, while the…
As the economic calendar is fairly light in the week ahead, the major focus of the market participants on Wall Street will be on earnings reports from big names such as chip giant Nvidia Corp, retail heavyweights Walmart Inc and Target Corp. Nvidia, the world’s most valued company by market capitalization will declare its third…
The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal…
The stock market’s “Trump bump” that followed his victory over Vice President Kamala Harris in last week’s election appears to be coming to an end. On Friday, the market dropped to its lowest point since the election, with the Dow Jones Industrial Average down more than 300 points, or about 0.7 percentage points. It has…
STORY: U.S. stocks slumped on Friday after Federal Reserve Chair Jerome Powell signaled a slower pace of interest-rate cuts and investors reacted to cabinet selections by President-elect Donald Trump. The Dow dropped seven-tenths of a percent, the S&P 500 slid 1.3% and the Nasdaq plunged two-and-a-quarter percent. Shares of vaccine makers and packaged food companies…
Investors thought they had the whole “Trump Trade” figured out, until, unfortunately, they didn’t. Stocks and other risky assets rallied strongly in the wake of Donald Trump ‘s decisive triumph in the Nov. 5 presidential election as markets bet on expansionary fiscal policy and easing regulations that would spark another leg up for Wall Street…
Yahoo Finance Host Julie Hyman takes a look at Friday’s top stock market moves as Wall Street wraps up the trading week. The post-election rally sparked by Donald Trump’s victory showed signs of cooling as markets (DJI, IXIC, GSPC) digested Federal Reserve Chair Jerome Powell’s latest monetary policy stance, in which he emphasized that the…
US stocks fell on Friday, on track for weekly losses as investors absorbed Chair Jerome Powell’s signal that the Federal Reserve won’t hurry to make interest-rate cuts. The S&P 500 (^GSPC) dropped over 0.6%, while the Dow Jones Industrial Average (^DJI) slid roughly 0.4%. The tech-heavy Nasdaq Composite (^IXIC) led declines, falling 0.9%. Powell’s hawkish…