President Trump announced a trade deal with Vietnam, lifting investor sentiment that more agreements could come before the July 9 tariff-pause deadline. “The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,” Trump wrote on social…
Apple (AAPL) stock climbed about 1% Wednesday before the market open following an upgrade from analysts at Jefferies, who raised their rating to Hold from Underperform previously. Citing Counterpoint Research, Jefferies analyst Edison Lee said global iPhone sales rose 15% in April and May from the prior year, the strongest growth since the third quarter…
The S&P 500 (^GSPC) is back at an all-time high for the first time since February as optimism around Federal Reserve interest rate cuts and fading fears of tariffs have driven stocks higher. In the final full trading week of June, the S&P 500 rose 3.5%, while the Nasdaq Composite (^IXIC) rose more than 4.1%….
Stocks are hovering near their lowest levels of the year, with President Trump’s latest tariff announcements and fears about the US economy’s path forward sending equities lower in the final full week of the first quarter. In the last five days of trading, the S&P 500 (^GSPC) fell nearly 3%, while the Dow Jones Industrial…
Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management’s services index registered at 53.5 in February, up from January’s 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM’s prices…
Stocks ended the first week of February little changed as investors digested corporate earnings from Big Tech companies, a hotter-than-expected January jobs report, and continuing updates on President Trump’s tariff policies. For the week, the S&P 500 (^GSPC) was roughly flat, while the Nasdaq Composite (^IXIC) and Dow Jones Industrial Average fell about 0.4%. In…
US stocks moved higher on Tuesday as investors assessed China’s instant retaliation to US President Donald Trump’s additional tariffs amid worries about the risk of a trade war. Traders also took in fresh jobs data, with job openings declining more than expected in December. Investors are continuing to watch any signs of cooling in the…
US stock futures trod water on Friday as investors marked time ahead of the last monthly jobs report of the year, a crucial test of the prospects for interest-rate cuts in December and beyond. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) were little changed after the gauges drifted away…
US stock futures trod water on Friday as investors marked time ahead of the last monthly jobs report of the year, a crucial test of the prospects for interest-rate cuts in December and beyond. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) were little changed after the gauges drifted away…
US stock futures were mixed on Wednesday, with the Nasdaq rising as Alphabet’s (GOOG, GOOGL) strong earnings boosted optimism for Big Tech results ahead of crucial GDP and labor market data. Contracts on the tech-heavy Nasdaq 100 (NQ=F) edged up roughly 0.2%, while S&P 500 futures (ES=F) hugged the flat line on the heels of…