Stock Market

President Donald Trump's tariff policies will likely result in a recession, says former top IMF economist Ken Rogoff.Rogoff told BI on Tuesday that the most probable path for the US economy in the months ahead is a mild downturn, but how the economy trends ultimately depends on how Trump approaches his trade war. If Trump's full tariff plans are implemented, a recession is a certainty, he said."If he sticks with his tariffs, with his chaos policy, 100% we will get a recession," Rogoff, now a professor of economics at Harvard...

Stock Market Live Updates: India's equity markets, which have been on the edge awaiting more clarity on India's stance post the Pahalgam terror attack, quickly recovered from their opening lows, reacting to developments from the early hours of Wednesday morning. In a strong response to the brutal Pahalgam terror attack, the Indian Armed Forces launched precision missile strikes early Wednesday under ‘Operation Sindoor’, targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK). Watch this space for all the Live updates.Stock Market Live Updates: Nifty opened today's trade session 2,044.05...

US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet their Chinese counterparts in Switzerland later this week. Futures on the Dow Jones are up 280 points, while those on the S&P 500 and Nasdaq are up 50 points and 200 points respectively. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top...

US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet their Chinese counterparts in Switzerland later this week. Futures on the Dow Jones are up 280 points, while those on the S&P 500 and Nasdaq are up 50 points and 200 points respectively. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top...

US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet their Chinese counterparts in Switzerland later this week. Futures on the Dow Jones are up 280 points, while those on the S&P 500 and Nasdaq are up 50 points and 200 points respectively. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are surging after the Trump Administration said that Treasury Secretary Scott Bessent and top...

Celanese (CE 10.00%) clearly happened upon the right formula to please shareholders on Tuesday. The chemical company's stock was soaring almost 10% higher in late-session trading that day, following the release of satisfying first-quarter results. That performance was in marked contrast to the benchmark S&P 500 index, which was in negative territory with a 0.4% slide. Declining yet beating Celanese published those quarterly figures after market hours Monday, and investors wasted little time the following day pushing into the stock. This, despite the fact that net sales slumped by nearly...

US Stock Market LIVE: US stocks are sinking on Tuesday (May 6) as AI mania on Wall Street loses more steam and as more companies scrub their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs. The S&P 500 was down 1.1% in early trading and on track for a second drop after breaking a nine-day winning streak, its longest such run in more than 20 years.US Stock Market LIVE: US stocks are sinking on Tuesday (May 6) as AI mania on Wall Street loses more steam and...

Stocks moved lower in early trading Tuesday as investors reacted to a steady stream of earnings reports while awaiting news on tariffs and the results of the two-day Federal Reserve meeting that is set to start today. The S&P 500 and the Dow Jones Industrial Average were each down 0.7% about 15 minutes after the opening bell, while the tech-heavy Nasdaq Composite declined 0.9%. Stocks fell Monday to snap a nine-session winning streak for the S&P 500, its longest in two decades. Over the past two weeks, stocks have recovered from the losses that...

The steep recovery in equity markets over the past two weeks is typical of bear market rallies, and the erratic swings mean almost every investor will experience pain whichever direction the market suddenly moves. Goldman Sachs Group (GS) strategist Peter Oppenheimer said “the asymmetry for equity investing is poor. Sharp rallies within bear markets are the norm, not the exception.” The biggest market driver is still uncertainty, with no real long-term bullish or bearish conviction seen from investors. Price action is mainly fueled by short-term headlines and guesswork on how...

Treasury Secretary Scott Bessent said Tuesday on Capitol Hill that new trade deals with major partners could be announced as soon as this week. "Many of our trading partners have approached us with very good offers, and we are in the process of renegotiating those," Bessent said, noting that the US is currently in talks with 17 of its 18 key trading partners, with China as the exception. "I'd be surprised if we don't have more than 80% or 90% of those wrapped up by the end of the year,...