US stock futures jumped Sunday evening, as Wall Street took in a weekend full of diverging messages from President Trump’s administration on its tariff policy. Futures tied to the S&P 500 (ES=F) rose 0.8%, while those on the tech-heavy Nasdaq (NQ=F) jumped 1.3%. Dow Jones Industrial Average futures (YM=F) were up 0.4%. CME – Delayed…
BlackRock CEO Larry Fink told CNBC on Friday that the US economy could already be in a recession. “I think we’re very close [to], if not in, a recession now,” Fink told “Squawk on the Street.” The Trump administration’s tariff policy has sparked fears of a recession. Trump’s 90-day pause on some 75 countries announced…
US stock futures extended some of Thursday’s losses before bouncing back as Wall Street gets ready to wrap up another week of tariff-fueled turmoil. Futures tied to the S&P 500 (ES=F) were up 0.6%, those on the tech-heavy Nasdaq (NQ=F) popped 0.9%. Dow Jones Industrial Average futures (YM=F) climbed 0.4% The major stock indexes are…
In his own mind, President Trump is a four-dimensional dealmaker who always outsmarts his counterparties. In his real-world trade war, however, Trump has shown his cards to his most potent adversary and revealed some of his constraints. Several weeks of manic tariff activity by Trump and mass confusion in financial markets have finally provided some…
Investors may want to wear a seatbelt and helmet before checking their accounts at this point, because the daily stock moves are fast and violent. Wall Street on Thursday took another body blow, with the three major indexes all dropping more than 2.50%, as euphoria over President Trump pausing his reciprocal tariffs a day earlier…
President Trump’s total base tariff on China is actually 145%, an amount higher than the 125% previously reported and Trump himself had seemed to imply. The new topline number was made clear when the text of Trump’s executive order “modifying reciprocal tariff rates” was released Thursday morning to the media. The confusion stemmed from separate…
The markets are reeling once again—less than 24 hours after the S&P 500 had its best single day rally since 2008, as investors cheered President Trump’s 90-day tariff delay. The White House confirmed on Thursday morning that the total amount of tariffs on China will now be 145% when accounting for the previous 20% duties…
Delta (DAL) and Walmart (WMT) on Wednesday started what is sure to be a lengthy period of companies cutting or withdrawing their forecasts as a result of tariff uncertainty. But cutting guidance so an executive team can buy itself time to figure out what constitutes success for its business under this new tariff regime is…
US stock futures sank on Thursday, pulling back after the major indexes staged a historic rally amid concerns that President Trump’s broad trade offensive has become a direct confrontation with China. S&P 500 futures (ES=F) dropped 2%, while those on the tech-heavy Nasdaq 100 (NQ=F) tumbled 2.2%. Dow Jones Industrial Average futures (YM=F) fell 1.5%,…
US stock futures pointed toward losses in Thursday’s session after the major indexes staged a historic rally as President Trump paused many of his largest tariff hikes on trading partners. Futures tied to the S&P 500 (ES=F) were down 0.3%, while those on the tech-heavy Nasdaq (NQ=F) fell 0.8%. Dow Jones Industrial Average futures (YM=F)…