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Data out Tuesday showed activity in the manufacturing sector slipped into contraction and costs continued to surge as suppliers weighed the impact of President Trump's tariff policy. The Institute for Supply Management's manufacturing PMI registered a reading of 49.0 in March, down from February's 50.3 reading and below the 49.5 economists polled by Bloomberg had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate a contraction. The prices paid index surged to 69.4, up from 62.4 the month prior and the highest...

NEW YORK (AP) — U.S. stock indexes are drifting lower Tuesday with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday.The S&P 500 was 0.4% lower in early trading, though that could change following economic reports coming later in the morning. The Dow Jones Industrial Average was down 222 points, or 0.5%, as of 9:31 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. Wall Street has been particularly shaky recently, and momentum has been swinging not just day...

A Newsmax booth broadcasts as attendees try out the guns on display at the National Rifle Association (NRA) annual convention in Houston, Texas, on May 29, 2022.REUTERS/Callaghan O'Hare Newsmax went public on Monday, raising $75 million from 7.5 million shares. The stock surged 722% in its debut, valuing Newsmax at about $8 billion. Newsmax's valuation is now double that of Trump Media and a third of Fox Corp. Newsmax saw wild trading in its first day as a public company. The conservative media company went public on Monday in a...

US stock futures fell as President Trump's deadline to impose reciprocal tariffs on US trading partners creeps closer. Futures attached to the Dow Jones Industrial Average (YM=F) slid 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq Composite (NQ=F) slumped 0.2%. CBOT - Delayed Quote • USD As of 1:26:40 AM EDT. Market Open. YM=F ES=F NQ=F The week kicked off with stocks rebounding on Monday. However, the boost was a drop in the bucket as markets closed both the month and the quarter in the...

April 2nd, or what the White House is calling "Liberation Day," is inching closer, but investors aren't receiving any liberation from the volatility that's plagued the market for the last few months.Wednesday is shaping up to be the Super Bowl of trade policy as President Donald Trump's reciprocal tariffs are scheduled to take effect, and Wall Street experts are placing their bets on what will happen once they do.It's no easy task to predict Trump's unconventional foreign policy strategy. Just last week he hinted at softening his stance on reciprocal...

This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Newsmax went public on Monday, raising $75 million from 7.5 million shares. The stock surged 667% in its debut, valuing Newsmax at about $8 billion. Newsmax's valuation is now double that of Trump Media and a third of Fox Corp. Newsmax is seeing wild trades in its first day as a public company. The conservative media company went public on Monday in a mini-IPO, selling 7.5 million shares at...

Global shares slide as Trump tariffs loompublished at 10:03 British Summer Time10:03 BSTAdam GoldsmithLive reporterImage source, ReutersStock markets have fallen in Asia and Europe after President Donald Trump suggested that new tariffs he is set to announce this week will hit all countries, not just those that have the biggest trade imbalances with the US. On Wednesday, which Trump has dubbed America's "Liberation Day", he will unveil a swathe of import taxes, on top of tariffs already imposed by Washington on aluminium, steel and vehicles.But concerns about a trade war...

IE 11 is not supported. For an optimal experience visit our site on another browser.Now PlayingHow the stock market is anticipating Trump’s tariffs taking effect01:38UP NEXT‘Couldn’t care less’: Trump embraces price hikes ahead of tariff rollout04:37Stefanik reversal is ‘clear admission’ GOP worries about special elections: Rep. Wasserman Schultz06:38Tariffs are giving some GOP lawmakers ‘heartburn’: NYT Reporter08:22‘We can’t stop fighting’: Rep. Dingell says people need to see Democrats standing up to Trump05:53‘When will prices come down?’: New focus group reviews Trump’s second term so far07:12‘A wholesale effort to dismantle Social Security’:...

There aren't many technology companies that can claim they've been a leader in artificial intelligence (AI), but Microsoft (MSFT -2.96%) can do so easily. The tech giant made early investments in OpenAI, giving it early access to ChatGPT, and has been quick to implement AI into its products and services. But even with Microsoft's moves, the company's share price has tumbled about 9% over the past six months. A general sense of concern for the economy may be fueling the drop, but rising competition in the AI space from smaller...

Overseas markets are being blasted by Trump tariff worries today. Momentum names in Nvidia (NVDA) and Tesla (TSLA) are getting slammed premarket. And US markets are taking it on the chin in premarket trading. It's shaping up to be a week, as they would say. To that end, Goldman's chief US equity strategist David Kostin cut his three-month and 12-month return forecasts for the S&P 500 (^GSPC) by 5% and 6%, respectively. That would put the S&P 500 at 5,300 in three months, and 5,900 in 12 months. "Slowing growth...