Wall Street closed weaker Friday, pressured late in the day by comments from the White House that 25% tariffs on Mexican and Canadian goods and a 10% levy on Chinese products would begin Saturday. A Reuters report said collection of the duties from Mexico and Canada would be delayed until March 1, but the White…
Harry Robertson. Iain Withers, Ankur Banerjee LONDON, Jan 31 (Reuters) – Global stocks rose on Friday at the end of a volatile week for markets, as sentiment was buoyed by Apple’s earnings report and an in-line U.S. inflation reading. Meanwhile, currency traders were bracing for U.S. President Donald Trump to put 25% tariffs on Canada and…
U.S. stocks opened mostly higher as investors digested a slew of corporate earnings reports, including some from the so-called Magnificent 7. Magnificent 7 stocks are mega-cap technology companies whose shares have significant weighting in major stock indexes and have led much of the rally in stocks the past few years. They are Apple, Microsoft, Amazon, Alphabet…
U.S. stocks closed lower after the Federal Reserve left interest rates unchanged and took a less confident view on inflation, and chip darling Nvidia renewed its slide on a report President Donald Trump’s considering restricting the company’s sales to China. Nearly everyone expected the Fed to keep interest rates steady, but the Fed dropped in…
Wall Street’s main indexes were on track for a subdued open on Wednesday, as losses in tech heavyweights Apple and Nvidia kept broader gains in check and investor attention turned to the U.S. Federal Reserve’s interest-rate decision, due later in the day. Markets widely expect the central bank to hold its lending rate steady in its decision, expected at 2 p.m. ET. “Without clarity…
Wall Street hit new records as Donald Trump began his second term as the 47th U.S. president Monday. The S&P 500 climbed above 6,100 points over the week, surpassing its previous December peak and marking a second consecutive week of gains, fueled by a strong start to the fourth-quarter earnings season. Tech stocks once again…
Strong corporate earnings and technology shares boosted Wall Street at Wednesday’s open, with the broad S&P 500 index closing in on its record high. Netflix shares soared to a record high after the streaming giant reported a blowout quarter. Oracle, Nvidia and Microsoft and other artificial intelligence-linked stocks surged after the leaders of SoftBank, Oracle and…
A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the postelection surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one interest rate cut by year-end…
Wall Street opened in the green ahead of Donald Trump’s return to the White House on Monday. President-elect Trump’s inauguration is Monday, and his first days are expected to be filled with a flurry of executive orders on day one. “Reports suggest 100 or more,” wrote Morgan Stanley analysts in a report. Any signals of…
Wall Street clawed back some of Wednesday’s steep losses after the Federal Reserve pulled back its forecast for rate cuts next year. The Fed lowered its benchmark, short-term fed funds rate late Wednesday by a quarter percentage point, as expected, but pared back its forecast for rate cuts next year. It only expects to cut…