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…
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…
Over-concentration in tech stocks can lead to a lack of diversification, as the performance of these stocks is often correlated. While stocks have historically outperformed other asset classes, future returns are uncertain, and diversification can help mitigate risk. Investors don’t often get a second chance to get things right. But they might have received that…
It’s been a cautious week on Wall Street as earnings from mega-cap tech companies prompted investors to reassess their high expectations for future growth. Google parent Alphabet and Amazon.com were the latest among Magnificent Seven stocks to fall short of lofty guidance forecasts, weighing on the broader market. Drugmaker Eli Lilly and financial stocks provided…
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…
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…
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 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…
NEW YORK, Dec 19 (Reuters) – Wall Street rebounded and U.S. Treasury yields resumed their climb early Thursday as stocks recovered from their steep dive in the wake of the Federal Reserve’s hawkish outlook. The dollar gave back some of Wednesday’s gains and gold rallied as investors grew accustomed to the reality that the central…