A slow summer for markets this is not. Traders entered Wednesday’s session digesting more President Trump tariff chaos that has sent copper prices ripping higher. This is in addition to fresh uncertainty on the future of the Federal Reserve. Some 10 minutes into the opening bell on Wall Street, however, investors shook it off to…
President Trump announced a trade deal with Vietnam, lifting investor sentiment that more agreements could come before the July 9 tariff-pause deadline. “The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping,” Trump wrote on social…
The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…
The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve has broken this year with its long-standing practice of releasing an annual preview of its finances for the preceding year. The U.S. central bank has released a preliminary statement detailing its annual profit or loss in early January since at least 2006, but has…
Investors continue to be bullish on stocks. According to Bank of America’s latest fund manager survey released on Tuesday, cash levels have fallen to 15-year lows as traders double down on equities. “Long Magnificent 7” remains the most crowded trade, according to 56% of respondents, followed by the US dollar and crypto. But Big Tech…
By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs. Mixed results from megacap…
Photo: Bloomberg (Getty Images) The Nasdaq and other major indices declined following the Federal Reserve’s first meeting of the year, with the tech-heavy index falling 1.1% by the afternoon as investors digested the central bank’s cautious stance on interest rates. The Federal Open Market Committee kept the overnight borrowing rate unchanged in the 4.25% to…
Nasdaq futures climbed on Wednesday as upbeat ASML (ASML) orders buoyed chip stocks, but the broader mood was muted ahead of the first Big Tech earnings and the Federal Reserve’s rate decision. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, on the heels of a sharp closing gain. Meanwhile, S&P 500 futures (ES=F) wobbled…
After the best two-year stretch for the S&P 500 (^GSPC) since the late 1990s, few on Wall Street are calling for an end to the bull market run, and this optimism serves as the key throughline in the fourth edition of Yahoo Finance’s Chartbook. The fourth volume of the Yahoo Finance Chartbook shows a clear…