Stock Market

Stocks sagged at the open, perked up within the first 30 minutes of Thursday's trading session and were in the green by the end of the first hour. It was up and down from there. And markets will likely remain choppy until the Trump administration steadies into a consistent economic policy.At the close, the Dow Jones Industrial Average slipped 0.4% to 42,299, the S&P 500 fell 0.3% to 5,693, and the Nasdaq Composite tumbled 0.5% to 17,804.More questions about tariffs and trade wars showed up in price action across sectors...

Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened. Futures touched their 17th record of the year just north of $3,060 after President Trump's auto tariff announcement on Wednesday stoked further fears of a trade war. A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher. Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months if investments increase by 10% due to more buying from China,...

Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened. Futures touched their 17th record of the year just north of $3,060 after President Trump's auto tariff announcement on Wednesday stoked further fears of a trade war. A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher. Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months if investments increase by 10% due to more buying from China,...

The latest: The top rates on online bank accounts, money market mutual funds, and short-term Treasuries have slipped from last fall’s peak above 5 percent.But thanks to a cautious Federal Reserve and a murky economic outlook, they’re still hanging in at 4 to 4.5 percent, much better than the pitiful yields that prevailed for years before inflation forced the Federal Reserve to jack up borrowing costs in 2022.After slicing rates by a full point last year, the Fed has hit pause. Fed chair Jerome Powell said last week that policy...

US stock futures dropped after President Trump signed an executive order imposing 25% tariffs on car imports. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) fell 0.3%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) tumbled 0.4%. CBOT - Delayed Quote • USD As of 9:25:19 PM EDT. Market Open. YM=F ES=F NQ=F Trump announced the new duties from the Oval Office on Wednesday, saying they would "spur growth like you've never seen before." The tariffs on foreign cars are set to begin...

US stock futures rose after President Trump signed an executive order imposing 25% tariffs on car imports. Futures for the Dow Jones Industrial Average went up 0.3% (YM=F) and futures tied to the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) inched up 0.1%. CBOT - Delayed Quote • USD As of 3:32:49 AM EDT. Market Open. YM=F ES=F NQ=F Trump announced the new duties from the Oval Office on Wednesday, saying they would "spur growth like you've never seen before." The tariffs on...

Spencer Platt/Getty Images Goldman Sachs says US exceptionalism in stocks will persist despite the S&P 500's lagging this year. Goldman notes that US firms' higher R&D investment boosts growth in the long term. US companies lead in return on investment, which helps drive long-term innovation. The US exceptionalism trade looks likely to persist, despite fears that America's stock market dominance is waning as international stocks outperform the S&P 500 this year. That's according to Goldman Sachs, which highlighted a key advantage American companies have over their international peers: returns on...

In the daily financial news cycle, one might read that “the market is nervous,” “Wall Street is cheering,” or “the market punished the sector.” These humanized descriptions attribute emotions, reactions, and even motivations to what is, at its core, a complex system of transactions and expectations. But is it accurate or helpful to discuss the market as if it were a person? And with the growing role of algorithmic trading, does the market even have a mind of its own anymore? A Market That “Feels” Journalists, investors, and analysts regularly...

Orders for durable goods rose 0.9% in February, well above economists' expectations for a 1% decline in the month. Meanwhile, core capital goods orders fell 0.3% in February, below the 0.2% expected, while shipments of capital goods increased 0.9%, higher than the 0.2% economists had expected. The metrics are closely watched, as they feed into the Gross Domestic Product (GDP). But following Wednesday's release, economists at Goldman Sachs wrote that they left their first quarter GDP forecast of 1.3% annualized growth for the US economy "unchanged." Renaissance Macro head of...

Orders for durable goods rose 0.9% in February, well above economists' expectations for a 1% decline in the month. Meanwhile, core capital goods orders fell 0.3% in February, below the 0.2% expected, while shipments of capital goods increased 0.9%, higher than the 0.2% economists had expected. The metrics are closely watched, as they feed into the Gross Domestic Product (GDP). But following Wednesday's release, economists at Goldman Sachs wrote that they left their first quarter GDP forecast of 1.3% annualized growth for the US economy "unchanged." Renaissance Macro head of...