Stock Market

US economic output rebounded in May as businesses digested President Trump's tariff rollback. S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 52.1 in May, up from 50.6 in April. Increased activity in both the services and manufacturing sectors helped drive the gains. S&P's services PMI increased to 52.3 in May, up from 50.8. Meanwhile, the manufacturing PMI also increased, rising to 52.3, above the 50.2 seen the month prior. “Business confidence has improved in May from the worrying slump...

US stock futures traded flat as a vote on President Trump's "big, beautiful" tax bill neared. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) flatlined. On Wednesday evening, House Speaker Mike Johnson said he plans to move ahead with a vote on Trump's tax legislation as soon as tonight despite Republican lawmakers in the House Freedom Caucus maintaining the bill is "not ready." Johnson revealed earlier on Wednesday the bill would include a...

US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. The run-up seen from lower levels also was a big factor in investors choosing to take money off the table as uncertainties rose. Watch this space for all the live updates.US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries...

Take-Two Interactive Software Inc TTWO shares are trading lower Wednesday after the company announced a proposed public offering of common stock.What Happened: After the market close on Tuesday, Take-Two announced a proposed underwritten public offering of 4.75 million shares of common stock for $225 per share. All shares in the offering are being sold by the company.Take-Two also granted the underwriters a 30-day window to purchase up to an additional 712,500 shares at the offering price. The company anticipates total net proceeds of approximately $1.04 billion, or $1.19 billion if the...

The S&P 500's (^GSPC) macro moment may be over. As tariff news whipsawed markets to start the second quarter, stocks moved roughly in unison. In April, the one-month correlation of stock movements within the benchmark index soared to nearly 0.7, a level only seen in the past five years when the Federal Reserve began hiking interest rates in 2022 and during the onset of the pandemic. But as President Trump has dialed back the height of his tariffs on other nations, the correlation between stocks in the S&P 500 has...

US Stock Market Live: Futures on Wall Street are currently trading with losses, indicating a negative start to the trading day on Wednesday. In-line with analyst expectations, the dip that came on Wall Street during Tuesday's trading session got bought into and the indices ended off the lows of the day. For now, the Dow futures are trading 220 points lower, while futures on the S&P 500 and Nasdaq are down 30 points and 130 points respectively. Watch this space for all the live updates.US Stock Market Live: Futures on...

US Stock Market Live: Futures on Wall Street are currently trading with losses, indicating a negative start to the trading day on Wednesday. In-line with analyst expectations, the dip that came on Wall Street during Tuesday's trading session got bought into and the indices ended off the lows of the day. For now, the Dow futures are trading 220 points lower, while futures on the S&P 500 and Nasdaq are down 30 points and 130 points respectively. Watch this space for all the live updates.US Stock Market Live: Futures on...

US Stock Market Highlights: US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, while the Nasdaq Composite declined 0.38% to 19,142.71. The Dow Jones Industrial Average shed 114.83 points, or 0.27%, ending at 42,677.24. Tech stocks, which had powered the market’s gains over the past six sessions, saw broad declines.US Stock Market Highlights:  US stocks slipped on Tuesday (May 20) as the tech-driven rally lost momentum. The S&P 500 fell 0.39% to close at 5,940.46, while the...

U.S. stocks fell on Tuesday, ending a six-day winning streak for the S&P 500, as losses in Big Tech weighed on major indexes.The S&P 500 declined 0.4%. The Dow Jones Industrial Average lost 114.83 points, or 0.3%, while the technology-heavy Nasdaq Composite closed 0.4% lower.Alphabet and Amazon both fell more than 1%, while Apple and Nvidia dropped about 0.9% each.Out of the “Magnificent Seven” tech stocks, the only one to post a gain was Tesla. Shares of the electric-car maker rose 0.5% after Chief Executive Elon Musk said that he...

It was another gap-down day for the main equity indexes with earnings season winding down and no hard economic data incoming to move markets. However, there was no recovery late Tuesday.What looks like relatively normal price action still masks many questions about the impact of the Trump administration's policy on global trade and broad sentiment.As Morgan Stanley Director of Global Research Katy Huberty writes in a May 20 summary of her firm's recently published research, "Earnings season has turned out to be better than feared, in terms of both EPS...