A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest week in 12 months. The…
A whopping $20 billion flowed into US equity funds on Wednesday, the day Donald Trump claimed a decisive victory in the presidential election, according to Bank of America Corp. strategists. That was the biggest daily addition in five months, strategist Michael Hartnett said in a note citing EPFR Global. Small-cap stocks — which are seen…
A seismic selloff in Treasuries paused Thursday as investors’ attention turned from Donald Trump’s victory in the US presidential election to interest-rate decisions from major central banks including the Federal Reserve. The yield on 30-year US bonds was little changed at 4.61% after a 17-basis-point surge Wednesday — the biggest since March 2020. UK debt…
Asian equities were set to climb Thursday after US stocks hit fresh highs as investors positioned for a second Donald Trump presidency. Treasuries tumbled and the dollar soared. Australian stocks and futures contracts for Japanese stocks advanced, echoing the gains on Wall Street. The S&P 500 climbed 2.5% Wednesday, its best post-Election Day in history,…
Donald Trump quickly put his stamp on financial markets Tuesday night. As the votes piled up in key swing states in his favor, leaving him on the cusp of returning to the White House, all the tried-and-true Trump Trade plays erupted. US stocks surged, with S&P futures climbing 1.4%; the dollar posted its biggest gain…
Good morning. Trump accuses the UK Labour Party of election interference. A severe E. coli outbreak tied to McDonald’s sickens dozens in the US and kills one. And the EU is urged to create a spy agency. Listen to the day’s top stories. Donald Trump accused the UK’s Labour Party of illegal foreign campaign contributions…
A surge in hiring offers Vice President Kamala Harris a fresh defense in her fight with Donald Trump over the economy, as the pair jockey to frame their visions in the home stretch of the campaign. Friday’s jobs report, which beat all analyst estimates and pushed the unemployment rate down to 4.1%, is the latest…
The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of England decided against a second consecutive reduction. The Fed’s rate cut, which was larger than forecasters had generally anticipated, is Chair Jerome Powell’s attempt at ensuring a soft landing for the economy. In the…