President Trump’s total base tariff on China is actually 145%, an amount higher than the 125% previously reported and Trump himself had seemed to imply. The new topline number was made clear when the text of Trump’s executive order “modifying reciprocal tariff rates” was released Thursday morning to the media. The confusion stemmed from separate…
The markets are reeling once again—less than 24 hours after the S&P 500 had its best single day rally since 2008, as investors cheered President Trump’s 90-day tariff delay. The White House confirmed on Thursday morning that the total amount of tariffs on China will now be 145% when accounting for the previous 20% duties…
Photo: Michael M. Santiago (Getty Images) Stocks fell Thursday morning after President Donald Trump imposed 25% tariffs on imported autos Wednesday evening and European equities declined. The S&P 500 declined 0.6%, the Nasdaq Composite slid 0.8% and the Dow Jones Industrial Average lost 257 points, or 0.6%. General Motors (GM) stock plunged more than 8%,…
The markets sank back towards session lows on Thursday after President Trump announced tariffs on goods and services from Mexico which fall under the US-Mexico-Canada trade agreement (USMCA) would be delayed until April 2. However the President did not say the same about Canada. “After speaking with President Claudia Sheinbaum of Mexico, I have agreed…
Markets are showing signs of life after Wednesday’s Fed-fueled drubbing. Dow Jones (DIA) futures climbed 0.8% Thursday morning, with the S&P 500 (SPY) and Nasdaq (NASDAQ:QQQ) not far behind, both up 0.9%. Tesla (NASDAQ:TSLA) and Nvidia (NASDAQ:NVDA), investor darlings battered during the sell-off, are leading the recovery, each up over 2% in the morning trading….
US stock futures (ES=F, NQ=F, YM=F) fall Thursday morning following the release of November’s November’s Producer Price Index (PPI) — which saw inflation rise more than expected for the month — and a rise of weekly jobless claims by 242,000. Adobe (ADBE) shares slide further despite topping its fiscal fourth quarter earnings estimates while falling…
Crypto stocks enjoyed a short-lived rally before reversing direction Thursday on the heels of a push from bitcoin (BTC-USD) to a record high above $100,000. That record was fueled by news from President-elect Donald Trump that he would nominate crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC). Bitcoin traded as high…
The threat of nuclear war seems higher than it has in ages, but the stock market wants what wants—and it wants to go higher. While investors talk about all the reasons the stock market could blow up—valuations are sky-high, the growing concentration of Magnificent Seven names, including Nvidia Apple and Microsoft and a resurgence of…
The Nasdaq Composite (^IXIC) is leading US stocks lower Thursday morning as Big Tech earnings continue to roll out. Shares of Microsoft (MSFT) and Meta Platforms (META) are taking a dip since reporting earnings yesterday; Amazon (AMZN) and Apple (AAPL) are the next members of the Magnificent Seven to report after today’s market close. The…
The Nasdaq Composite (^IXIC) is leading stock gains Thursday morning, moving as high as 0.6% at the market open. The Dow Jones Industrial Average (^DJI) dips by nearly 0.3% at the start of the trading day. Yahoo Finance markets and data editor Jared Blikre checks out the market action after the opening bell as the…