Thursday’s sell-off in auto stocks may look tempting to investors who are used to buying the dip. However, Josh Brown warns the worst isn’t over for the sector — and to avoid exposure. Major carmakers declined Thursday after President Donald Trump announced his plans to impose a 25% tariff on “all cars that are not…
US stock futures wavered as Wall Street continues to grapple with President Trump’s escalating trade war. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) dipped 0.1%. CBOT – Delayed Quote • USD As of 8:57:23 PM EDT. Market Open. YM=F ES=F NQ=F Stocks…
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters GameStop shares tumbled Thursday, on track for its biggest loss since June, after the video game retailer announced plans to raise debt to buy bitcoin. The meme stock plunged…
The April 2 tariff deadline could be a disruptive, but not catastrophic, event for stocks, according to the options market. The S & P 500 may end next week up or down 2.5%, according to options expiring Friday, April 4, according to Michael Khouw, chief strategist at OpenInterest.Pro. A typical move for the broad market…
Americans aren’t feeling great about the economy, and it’s translating to a weaker outlook for spending. That isn’t good news for the stock market, and Wall Street is eyeing the risk of weaker corporate earnings as consumers pull back. Consumer Confidence clocked in at 92.9 in March, its lowest level since 2021, according to the…
US stock futures held steady as a weary Wall Street took comfort in signs that President Donald Trump could offer leeway ahead of the next major tariff deadline. Futures attached to the Dow Jones Industrial Average (YM=F) flatlined. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq Composite (NQ=F) ticked up 0.1%….
BANGKOK (AP) — Shares were mixed in Asia on Tuesday, with Chinese markets retreating, following a broad rally on Wall Street fueled by hopes the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week. U.S. futures edged lower and oil prices were…
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the…
Any rally in the stock market next week is unlikely to be sustainable until there’s clarity on the tariff front, something investors won’t get until April 2nd when a number of levies are expected to take effect. Stocks have bounced somewhat from their oversold condition this week, after a surprisingly dovish tone out of the…
Wall Street investors would have plenty of economic data to analyse in the week ahead. A key inflation – Federal Reserve-preferred Personal Consumption Expenditures (PCE) price index, flash PMI readings from the S&P, personal income and spending data, among other economic reports will be released. On Wednesday, the US central bank kept its interest rate…