U.S. stocks started a shortened holiday week mostly higher as investors look for more clues into how President Donald Trump’s tariff plans shake out and wait for release on Wednesday of minutes from the last Federal Reserve meeting. Markets were closed on Monday for President’s Day. Stocks are coming off a winning week, carving out…
Presidents Day, also called Washington’s Birthday, is a federal holiday celebrated on the third Monday of February. In 2025, Presidents Day falls on Monday, February 17th. The United States Postal Service will be closed and mail will not be delivered. Happy birthday, George Washington! Or do you prefer Presidents Day? It’s actually both which means…
Wall Street remained resilient as investors focused on optimism surrounding Ukraine peace talks. President Donald Trump’s tariff plan also appeared less severe than anticipated. Inflation and its impact on the U.S. economy crept back into the conversation over the week but Wall Street remained resilient as investors focused on optimism surrounding Ukraine peace talks and…
U.S. stocks were mostly unchanged at the open as investors weighed hot inflation reports earlier in the week, the postponement of reciprocal tariffs and this morning’s weak retail sales report. Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to the Commerce Department. Retail sales slipped 0.9% in January…
U.S. stocks edged up at the open, trying to shake off renewed inflation concerns and expectations for President Donald Trump to announce reciprocal tariffs on Thursday. Overall wholesale inflation, or a measure of prices businesses pay for goods and services, rose more than expected in January, but the core rate without energy and food was…
The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports. Nvidia NVDA.O and Amazon AMZN.O dipped more than 1%, with the two AI computing heavyweights weighing on the S&P 500 .SPX. U.S. consumer…
U.S. stocks began the day weaker as investors awaited testimony from Federal Reserve Chairman Jerome Powell before the Senate Banking Committtee and what comes next in President Donald Trump’s tariff plans. In his first Congressional appearance since President Donald Trump’s inauguration, Powell is expected to address questions about the role tariffs may have on inflation…
U.S. stocks started the week higher, embracing President Donald Trump’s new tariff threats. Trump said over the weekend he plans to impose a 25% tariff on all steel and aluminum but didn’t say when. Nevertheless, shares of Cleveland-Cliffs, Nucor, Steel Dynamics, U.S. Steel and Alcoa all rallied. Cleveland-Cliffs soared 15%, Nucor jumped 7%, Steel Dynamics…
U.S. stocks rise at the open, after the key monthly jobs report showed the labor market remained healthy, giving the Federal Reserve room to keep interest rates steady and wait to see how President Donald Trump‘s tariff talk plays out. In January, 143,000 new jobs were created, less than the Dow Jones average of economists…
Wall street mostly gained early as investors eyed an onslaught of earnings reports. At 10:05 A.M. ET, the broad S&P 500 rose 0.13%, or 7.99 points, to 6,069.47; the blue chip Dow was down 0.034% , or 15.29 points, to 44,857.99; and the tech-laden Nasdaq gained 0.14%, or 27.06 points, to 19,719.39. The 10-year benchmark…