Photo: Michael M. Santiago (Getty Images) U.S. stocks largely ended the week on a high note after a muted opening Friday, as trade-war pessimism gave way to a fourth day of gains for the S&P 500. Meanwhile, Tesla (TSLA) spiked 9.8% as word spread that CEO Elon Musk would spend less time facilitating mass firings…
Photo: Michael M. Santiago (Getty Images) Stocks surged into the close Thursday after a wobbly start, with all major indexes ending firmly in the green. The Nasdaq led gains, up 2.74%, while the S&P 500 climbed 2.03% and the Dow added 1.23%. Gold rose nearly 2% as volatility fell sharply, with the VIX down over…
JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has fired a warning shot about President Donald Trump‘s trade war, which has put the stock market on a wild ride, unnerving investors. The Wall Street titan warned of a loss of U.S. credibility on the national stage, a recession and worse, should the trade war continue. Usually one…
U.S. equities advanced Thursday, led by a rally in technology shares, while investors evaluated easing trade tensions with China and mixed economic signals ahead of a potential interest rate decision in June. The S&P 500 technology sector climbed over 2%, supported by a 1.7% rise in Alphabet (GOOGL, Financials) ahead of its earnings release. The…
TOKYO (Reuters) -Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to U.S. President Donald Trump’s tariff measures, Japan’s Kyodo news agency reported on Tuesday. The letter, sent via the Chinese embassy in Japan, stressed the need to “fight protectionism together”, Kyodo said, citing multiple…
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -U.S. stock index futures rebounded on Tuesday following a fall in equities in the previous session, when President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell rattled investors. All three major indexes ended Monday’s session more than 2% lower after Trump redoubled his attacks against…
Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its…
Photo: Spencer Platt (Getty Images) U.S. stocks dropped sharply on Monday, continuing a volatile stretch for Wall Street as geopolitical tensions, earnings anxiety, and Fed uncertainty collide. The tech-heavy Nasdaq led the losses, down almost 2.2%, with the S&P 500 off 1.7% and the Dow Jones Industrial Average falling 604 points, or 1.5%. The VIX…
With the volatility of the markets after President Donald Trump’s tariffs and the subsequent 90-day pause, investors may be looking for some guidance in their choices. Luckily, investing legend Warren Buffett has some advice on what he considers before buying any stock. Buffett’s savvy has raised Berkshire Hathaway’s share price from $7.50 in 1962 to…
By Lewis Jackson (Reuters) -China’s ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war. Speaking at a public event in Washington on Saturday, details of which were posted on the Chinese…