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…
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…
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…
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…