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Nonfarm payrolls for May due on June 6 Fiscal legislation in focus in Washington Rulings on Trump’s tariffs muddies trade backdrop NEW YORK, – Key U.S. economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are poised to influence equities in the coming week, with the U.S. market closing in…
Wall Street’s main indexes fell on Friday as U.S. President Donald Trump accused China of violating a tariff agreement, ramping up tensions in a trade war that has roiled global markets and businesses. Trump’s post on his Truth Social platform did not specify how China had violated the agreement made in Geneva, Switzerland, and what…
Wall Street’s key stock indices rose on Thursday after a US court blocked many of President Donald Trump’s tariffs and on better than expected Nvidia earnings. The US Court of International Trade late on Wednesday ruled that Trump’s broad imposition of tariffs had overstepped his authority, barring most of the duties announced since he took…
(Bloomberg) — Wall Street keeps inventing new ways to ride the digital-currency boom — from amped-up ETFs and tokenized funds to structured products — and crypto competitors keep circling. But the trade still delivering the biggest rewards belongs to Michael Saylor. His firm, now branded as Strategy, formerly known as MicroStrategy Inc., pioneered the original…
US stock indices were drifting on Wednesday ahead of earnings from the Artificial Intelligence-chip developer Nvidia and the minutes from the Federal Reserve’s last monetary policy meeting. As of 12:11 PM Eastern time, the S&P 500 was down 0.2%, the Dow Jones Industrial Average was down 0.3%, and the Nasdaq Composite was 0.1% lower. At…
Wall Street’s key stock indices opened higher on Tuesday after US President Donald Trump dialed back his threat of tariffs on European Union imports. At the opening bell, the Dow Jones Industrial Average rose 246.0 points, or 0.59%, to 41849.04. The S&P 500 rose 51.3 points, or 0.88%, to 5854.07, while the Nasdaq Composite rose…
In a holiday-shortened week ahead, Wall Street investors will have a packed calendar with several economic data and earnings reports slated to be released. The US stock markets will be closed on Monday in observance of Memorial Day. On the economic data front, the spotlight will be on the first estimate of the US economy…
Nvidia results due on Wednesday, last of Magnificent 7 earnings 30-year US Treasury yield tops 5% during week After rebound, S&P 500 down over 5% from Feb record high NEW YORK, – An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes center stage for Wall Street in the coming week, as stocks…
Indexes down: Dow 0.31%, S&P 500 0.39%, Nasdaq 0.71% Trump announces 25% tariffs on iPhones not made in US Wall Street’s ‘fear gauge’ spikes to over two-week high NEW YORK, – U.S. stocks fell on Friday, on track for a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new…
Wall Street’s main indexes fell on Friday after U.S. President Donald Trump recommended 50% tariffs on the European Union, while Apple slid after he warned the company would have to pay tariffs if iPhones were not made in the United States. “The European Union, which was formed for the primary purpose of taking advantage of…