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US stock indices declined on Tuesday as investors focused on the fate of President Donald Trump’s giant tax cut proposal. The legislation is expected to face a close vote later this week. “We have a tremendously unified party,” Trump told reporters as he arrived at Capitol Hill on Tuesday to encourage Republicans to resolve their…
Wall Street stocks slipped and US Treasury yields jumped on Monday after ratings agency Moody’s cut the United States’ credit rating. Moody’s late on Friday slashed the United States’ sovereign credit rating to “Aa1” from “Aaa”, citing rising levels of government debt and interest payment ratios “to levels that are significantly higher than similarly rated…
US stocks declined on Thursday following mixed economic data and as UnitedHealth Group slumped on a report of a US criminal inquiry against it. Data showed US retail sales were near-flat in April, while wholesale inflation Producer Price Index (PPI) unexpectedly dropped last month. The PPI dropped 0.5% in April as the cost of services…
US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 10:48 AM EDT, the Dow Jones Industrial Average fell 0.36%, the S&P 500 gained 0.66%, and the Nasdaq Composite rose 1.30%. At 09:38 a.m.,…
Wall Street key stock indices opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs. At the opening bell, the Dow Jones Industrial Average rose 649.7 points, or 1.57%, to 41,899.05. The S&P 500 rose 147.3 points, or 2.60%, to 5,807.2, while the Nasdaq Composite rose 745.6 points,…
Wall Street’s key stock indices opened higher on Thursday on likely trade agreement between the United States and the United Kingdom. US President Donald Trump said he was set to announce a trade deal with the UK. At the opening bell, the Dow Jones Industrial Average rose 198.6 points, or 0.48%, to 41,312.57. The S&P…
Wall Street stock indices opened higher on Friday on stronger-than-expected jobs data. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02%, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97%, to 5,658.73 and the Nasdaq Composite gained 159.60 points, or 0.87%, to 17,864.97. A labor department report showed 177,000…
Wall Street stocks surged on Tuesday, as investors turned their focus to corporate earnings amid escalating trade war and fears of removal of Federal Reserve Chair Jerome Powell by President Donald Trump. At 1:40 PM EDT, the Dow Jones Industrial Average gained 1.90%, the S&P 500 rose 1.79%, the Nasdaq Composite climbed 2.15%. At 10:56…
US stock indices declined on Monday amid escalating US-China trade war and on possibility of Federal Reserve Chair Jerome Powell’s removal by President Donald Trump. At the opening bell, the Dow Jones Industrial Average fell 236.2 points, or 0.60%, to 38,906.04. The S&P 500 fell 49.8 points, or 0.94%, to 5,232.94, while the Nasdaq Composite…
US stock indices edged higher on Tuesday after President Donald Trump hinted at potential exemptions for the 25% tariffs imposed on imports of autos and auto parts. But, worries overnew tariffs on pharma and semiconductor imports kept investors on edge. According to Federal Register filings, the Trump administration was proceeding with probes into imports of…