NEW YORK (Reuters) – Making sense of the forces driving global markets By Alden Bentley, Americas Finance and Markets Breaking News Editor. Jamie is away so I’ll provide a round-up of today’s main market moves below. I’d love to hear from you, so please reach out to me with comments at alden.bentley@thomsonreuters.com. If you have…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 22, 2025. Brendan McDermid | Reuters A key force at the center of the stock market’s massive two-day rally is the frantic behavior of short sellers covering their losses. Hedge fund short sellers recently added more bearish…
Housing activity for new residential construction climbed in March, spurred by a greater supply of homes during a crucial spring period. Sales of new homes rose 7.4% in March to a seasonally adjusted rate of 724,000 units, up from February’s rate of 676,000, according to the Census Bureau data released on Wednesday. The reading came…
US economic activity continued to sink this month amid uncertainty around tariff policy. New data from S&P Global out Wednesday showed its flash composite PMI output index for April — which captures activity in the services and manufacturing sectors — fell to 51.2, the lowest in 16 months. Manufacturing activity rose to 50.7, up from…
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of…
U.S. stock index futures rebounded on Tuesday following a fall in equities in the previous session, when President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell rattled investors. All three major indexes ended Monday’s session more than 2% lower after Trump redoubled his attacks against Powell for not cutting interest rates, sparking concern…
US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America’s central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a “major loser” and demanding interest rates be cut immediately, in a re-run of his…
Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its…
Photo: Spencer Platt (Getty Images) U.S. stocks dropped sharply on Monday, continuing a volatile stretch for Wall Street as geopolitical tensions, earnings anxiety, and Fed uncertainty collide. The tech-heavy Nasdaq led the losses, down almost 2.2%, with the S&P 500 off 1.7% and the Dow Jones Industrial Average falling 604 points, or 1.5%. The VIX…
US Stock Market Live: US futures have extended their losses this morning Indian time, having opened lower. Futures on the Dow Jones are now down 300 points, while those on the S&P 500 and Nasdaq are down 35 and 110 points respectively. Thursday’s trading session saw the benchmark indices post their seventh negative week in…