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…
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…
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…
U.S. stocks opened weaker as investors pushed aside tariff worries and refocused on earnings and artificial intelligence. The tech-heavy Nasdaq and S&P 500 were weighed by big tech. Google parent Alphabet beat quarterly earnings estimates after Tuesday’s close, but its overall sales and Google Cloud revenue both were weaker than analysts’ forecasts. However, it said…
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…
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…