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 Powell for not cutting interest rates, sparking concern…
The S&P 500 and Nasdaq 100 both flashed the dreaded “death cross” formation on Monday. The technical sell signal occurs when an index’s 200-day moving average rises above its 50-day moving average. It can signal a reversal in a prior trend — in this case, the two-year bull market in stocks. The development comes on…
Shocking stock-market volatility, chaos in the bond market, and a plunge in the dollar — this week in markets is destined for the history books. The S&P 500 wrapped up its best week since November 2023 — but that doesn’t begin to tell the story of the tariff-fueled roller coaster ride that investors were sent…
The S&P 500 briefly entered a bear market on Monday, falling 21% from its mid-February peak. The uncertainty surrounding President Donald Trump’s tariffs, which were higher than Wall Street expected, plunged the market into chaos over the past week. An increase in market volatility has strategists at Goldman Sachs dusting off their bear market playbook…
Australian shares suffered their biggest one-day fall since COVID-19, as Donald Trump described the market turmoil as “medicine”. After a wipe-out on Wall Street on Friday (US time), US stock market futures pointed to further falls when American markets reopen on Monday, setting the tone for heavy selling during Australian and Asian trade. The ASX…
According to Goldman’s report on Sunday, the impact of the tariffs could be blunted by a 2 trillion yuan (US$275 billion) fiscal package from Beijing to support the economy and consumer consumption. Goldman cut its 12-month growth estimate for the MSCI China Index to 10 per cent from 16 per cent, while the CSI300 Index…
President Donald Trump criticized China on Friday, saying it “played it wrong” and “panicked”, after China announced retaliatory tariffs which sent U.S. stock markets tumbling.The Dow closed down 2,200 points on Friday, with the S&P dropping 6% and the Nasdaq falling 5.8%.This rapid rate decline put the stock market at risk of triggering a circuit…
U.S. markets took a significant plunge on Thursday, one day after President Donald Trump announced sweeping tariffs, leading to fears of a global recession and prompting international responses.The S&P 500 had its worst day since the COVID-19 pandemic in 2020, falling 4.8%.”The tariffs the administration is imposing are much more severe than had been expected,”…
The outlook for the stock market is becoming increasingly uncertain, thanks largely to the potential impact of an escalating global trade war. Strategists at Goldman Sachs on Sunday night slashed their forecast for the S&P 500 for the second time this year, lowering targets for the benchmark index’s return to -5% in the coming three months and…
Barclays slashed its S&P 500 target to the lowest among the major banks, predicting that the index will end the year at 5,900. Before Wednesday, the firm held a 6,600 target but cut its outlook amid deteriorating economic data and tariff disruptions, which have paralyzed markets so far this year. RBC and Goldman Sachs have…