US stock futures climbed on Friday, on track for their longest winning streak in more than two months, as trade tensions eased and Federal Reserve officials signaled they may cut rates sooner than expected. The Dow Jones Industrial Average (^DJI) jumped 1.2%, or nearly 500 points. The benchmark S&P 500 (^GSPC) gained 2%, while the
Chinese investors have been flocking to exchange-traded funds (ETFs) tracking the price of gold, hoping to take advantage of the precious metal’s world-beating rally as stocks remain in the doldrums amid a tariff war. The 13 mainland-domiciled gold ETFs have attracted new subscriptions of at least 7.9 billion units so far this year, according to
Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) saw a significant bullish action month-over-month, rising by a total of 8%. The U.S. precious metals market (and precious metals prices in general) saw dramatic swings over the past five weeks amid a backdrop of stubborn inflation, evolving interest rate expectations, new tariffs and
Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump’s tariff whipsaw still firmly in the background. The Atlanta Fed’s GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the
The recent market decline has prompted another Wall Street strategist to revise its S&P 500 forecast lower for 2025. On Friday, UBS Global Wealth Management head of US equities David Lefkowitz predicted earnings would come in weaker than previously expected, prompting a trim to the firm’s year-end price target to 6,400 from 6,600 on the
The recently dubbed “Lag Seven” players are once again… lagging. After a brief comeback on Wednesday, fueled by the Federal Reserve, most of the major tech giants lost steam by late Thursday trading. The exceptions: Nvidia (NVDA) and Meta (META), which each rose a modest 0.8% and 0.7%, respectively, with less than twenty minutes left
As recession fears grow, many wonder how the housing market will react. While economic downturns bring uncertainty, history shows that the housing market can be robust. A new analysis from First American reveals that past recessions don’t always spell doom for real estate. For instance, during the pandemic in 2020, home sales initially dropped due
(Bloomberg) — To the traders who have been piling into the US bond market, the Federal Reserve delivered a message they’d been waiting to hear: US growth will likely slow, any increase in inflation should be brief, and interest rates will probably come down more before the year is out. Most Read from Bloomberg Even
US stock futures traded flat as Wall Street digested mixed messages from the Federal Reserve in the wake of its decision to hold interest rates steady. 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
US stock futures rose as investors digested reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady on Wednesday. Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and tech-heavy Nasdaq Composite (NQ=F) rose 0.3%. CBOT – Delayed