Bad news should not be good news
Wall Street this week was headed for a solid loss, weighed down by a rout in technology stocks and disappointing retail earnings. However, a dovish signal from Federal Reserve chair Jerome Powell on Friday at the annual Jackson Hole Economic Policy Symposium sparked a...
Expect Interest Rate Cut in September
Wall Street on Friday suffered its worst week since late May, as investors who had driven stocks to record highs faced a reality check in a combination of trade developments, weak economic data, and concerns over the independence of federal organizations. The roller...
Trade Progress Drive Markets Higher
Wall Street wrapped up a strong week with the S&P 500 index notching its 14th record close of the year at 6,388.64 points. Sentiment was boosted by positive trade developments and solid quarterly reports. Trump announced a "massive deal" with Japan on Tuesday. As...
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...