US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody’s downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump’s tariff salvos. The Dow Jones Industrial Average (^DJI) edged up 0.3%. The S&P 500 (^GSPC) managed to close above
Investors cheered President Trump’s tariff reductions and deals with trading partners China and the UK, but Wall Street points out that the tariff rates are still relatively high. “The US effective tariff rate remains significantly higher than it was at the start of the year,” Solita Marcelli, chief investment officer Americas for UBS Global Wealth
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Stocks closed up for the week, as optimism over trade deals overshadowed plummeting consumer sentiment data released on Friday. The S&P 500 (^GSPC) extended gains for a fifth straight session, up more than 5% for the week. The tech-heavy Nasdaq Composite (IXIC) also rose more than 7% over the past five days. The Dow Jones
US stocks rose on Friday, poised for weekly wins after an easing in US-China trade tensions. Investors also eyed President Trump’s sweeping tax and spending bill, which failed to clear a key hurdle Friday, as consumer confidence sank. The S&P 500 (^GSPC) moved up 0.5%, coming off a fourth straight day of gains for the
Asia-Pacific equities opened mixed with investors digesting weaker-than-expected GDP data from Japan and bracing for a fresh wave of regional economic indicators. Japan’s economy contracted an annualized 0.7% for Jan-March, worse than the 0.2% decline forecast by economists surveyed by Reuters. The Nikkei 225 (^N225) edged down 0.5% following the drop in GDP. South Korea’s
Asia-Pacific equities opened mixed with investors digesting weaker-than-expected GDP data from Japan and bracing for a fresh wave of regional economic indicators. Japan’s economy contracted an annualized 0.7% for Jan-March, worse than the 0.2% decline forecast by economists surveyed by Reuters. The Nikkei 225 (^N225) edged down 0.5% following the drop in GDP. South Korea’s
Investors cheered President Trump’s tariff reductions and deals with trading partners China and the UK, but Wall Street points out that the tariff rates are still relatively high. “The US effective tariff rate remains significantly higher than it was at the start of the year,” Solita Marcelli, chief investment officer Americas for UBS Global Wealth
Walmart (WMT) shares rose about 2% premarket after the company reported mixed earnings and said it would hike prices to navigate President Trump’s tariffs. America’s largest retailer has been seen as well-positioned to weather tariffs, as around 60% of its sales are in groceries, Yahoo Finance’s Brooke DiPalma reported. Its size also means it has
US stock futures held steady as investor sentiment continued to moderate following signs of easing trade tensions and an invigorated tech sector. Futures attached to the Dow Jones Industrial Average (YM=F) and the tech-heavy Nasdaq 100 (NQ=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) dipped 0.2%. On Wednesday, stocks mostly rose, boosted