Tariffs starting to bite
U.S. stocks witnessed a positive week, with the S&P 500 index and the Nasdaq notching more record highs. A solid start to the second quarter earnings season and favorable economic data helped buoy sentiment and offset concerns about tariffs and Federal Reserve...
Trade War rhetoric is tiring
Wall Street on Friday ended the week slightly lower, as sentiment was dented by trade war escalation. Still, U.S. stocks are at record levels, and the benchmark S&P 500 index this week posted a new intraday high of 6290.22 points. Donald Trump's tariff moves once...
Markets are getting frothy
Wall Street on Friday posted its best week since mid May. The S&P 500 index notched a new intraday peak and record close for the first time since February. The Nasdaq Composite also achieved both those milestones for the first time since December last year. The...
Looking ahead to 2H of 2025
Wall Street was driven by trade deals and a surprisingly strong June jobs report this week. On Monday, the S&P 500 index topped 6,200 points for the first time ever, ending a tumultuous and turbulent first half of 2025 on a high with a 5.5% advance. Donald Trump...
Markets are looking for direction
Wall Street on Friday ended largely flat as the markets digested an escalating conflict between Israel and Iran and the Federal Reserve's monetary policy decision of the year. The fighting between Israel and Iran intensified this week, with both countries targeting...
Markets were getting back on track until a war broke out
Wall Street on Friday plummeted, giving up all its gains for the week and ending in the red. The decline was due to a sharp escalation between Israel and Iran, with both countries trading missile strikes and stoking concerns of a war in the Middle East. There are real...
Tariff de-escalation with China powers the market ahead
Wall Street on Friday closed out a solid week of gains on a high note, with the S&P 500 index reclaiming the 6,000 points level for the first time since late February. After tensions between the U.S. and China escalated following Trump's accusation that China had...
An uncomfortable rally in the markets
Wall Street on Friday posted its best monthly advance since November 2023. The benchmark S&P 500 index soared 6.2% for May, as markets recovered from Donald Trump's tariff shock delivered on "Liberation Day" in April. In terms of economic data, the highlights of...
Tax cut kicks the “deficit can” down the road
An economy facing possible indigestion from big increases in tariffs now is contending with a second headwind: potential fallout from a rise in government borrowing costs. Earlier this week, Moody’s downgraded the United States’ credit rating, stripping the United...