Stocks rebounded over the past week as comments from President Trump eased investor concerns about an escalating trade war with China and risks to the independence of the Federal Reserve. For the week, the S&P 500 (^GSPC) rose about 4.5% while the Dow Jones Industrial Average (^DJI) popped 2.5%. The Nasdaq Composite (^IXIC) led the…
U.S. futures were up this morning in early trading after the S&P 500 rose 2% on Thursday. That’s nice, but the broader global markets have spoken loud and clear ever since President Trump’s “Liberation Day” announcement on trade tariffs: Most Asian markets have performed way better than Western ones. Some, like Japan’s TOPIX, are even…
Tech (XLK) and Consumer Discretionary (XLY) stocks led the weekly gains on Friday, as all three major averages ended the week with solid gains over investor optimism of easing trade tensions and a possible Fed rate cut by the summer. The Dow Jones Industrial Average (^DJI) finished the week up more than 2%. The S&P…
Four times a year, US companies give away more information about their business than they’d like. For investors, this quarterly ritual is a chance to get an update on the state of America’s largest companies, the overall economy, and get a certain outline of where things are headed next. But the earnings period is starting…
Chipotle (CMG) After a rocky earnings report announcing that Chipotle missed the mark while lowering expectations for the year, Chipotle stock sank in after-hours trading. The fast food giant reported earnings of 29 cents per share and revenue of $2.88 billion falling short of the $2.94 billion analysts were looking for. The company’s stock dropped…
Pure Storage, Health Catalyst, AMD, Micron, and FormFactor Stocks Trade Up, What You Need To Know A number of stocks jumped in the morning session after President Trump clarified that he had no intention of removing Federal Reserve Chair Jerome Powell, a statement that helped calm markets. Earlier remarks had sparked fears of political interference…
Housing activity for new residential construction climbed in March, spurred by a greater supply of homes during a crucial spring period. Sales of new homes rose 7.4% in March to a seasonally adjusted rate of 724,000 units, up from February’s rate of 676,000, according to the Census Bureau data released on Wednesday. The reading came…
US economic activity continued to sink this month amid uncertainty around tariff policy. New data from S&P Global out Wednesday showed its flash composite PMI output index for April — which captures activity in the services and manufacturing sectors — fell to 51.2, the lowest in 16 months. Manufacturing activity rose to 50.7, up from…
Tesla is off to a bumpy start this year. The electric vehicle giant’s profit plunged 71% in the first quarter to $409 million as the company faced a flurry of setbacks, including looming tariffs and a brand crisis perpetuated by Chief Executive Elon Musk’s prominent role in the Trump administration. The Austin, Texas-based company reported…
President Trump is openly mulling the termination of Fed Chair Jerome Powell, who won’t give Trump the interest rate cuts he wants. If Trump really wants lower rates, however, the best person to fire would be himself, not Powell. If Trump had not enacted a vast set of reckless tariffs during the past two months,…