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Homebuilder stocks edged lower on Wednesday as concerns over President Trump’s big tariff announcement raised fears that higher construction costs could slow the housing recovery. D.R. Horton, Inc. (DHI), the biggest US homebuilder, slid nearly 1% Wednesday morning, while Lennar (LEN) and PulteGroup (PHM) fell 0.7% and 0.4%, respectively. Trump is scheduled to unveil his major tariff plan details at a Rose Garden address this afternoon. Builders have been growing concerned about the impact of these tariffs, especially on materials from China, Canada, and Mexico. Morgan Stanley warns that tariffs...

Headwinds keep gathering for Tesla (TSLA), whose shares fell 2.6% before the bell, pointing to another retreat for the struggling stock. The EV maker is expected to report a decline in vehicle deliveries when it posts its first quarter numbers on Wednesday. While on average Wall Street analysts anticipate a drop of 3.7%, some are predicting a slide of 12%, per Reuters. The gloom comes after Tesla registrations in key European countries tumbled again in March, another sign of faltering sales in a key market. That slide, alongside sales pullbacks...

US stock futures rose as Wall Street braced for President Trump's announcement of new tariffs that stand to remake the global trade order. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%. CBOT - Delayed Quote • USD As of 11:53:26 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have cautiously ticked up this week ahead of Trump's big tariff reveal, which will take place at the Rose Garden at 4 p.m....

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...

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...

US stock futures fell on Sunday as investors braced for the broadest set yet of President Trump's tariffs to be enacted this week, including an April 2 bonanza that Trump has taken to referring to as “Liberation Day.” Futures linked to the Dow Jones Industrial Average (YM=F) dropped by 180 points, or 0.4%, while S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) fell by 0.7% and 1.1%, respectively. CBOT - Delayed Quote • USD As of 8:55:50 PM EDT. Market Open. YM=F ES=F NQ=F The stock market is set to...

Tesla trade-ins hit record high amid Elon Musk controversyTesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk's involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled to 0.8% in January.unbranded - NewsworthyU.S. stocks plunged, with the Dow closing down more than 700 points and the S&P 500 shedding over 100 points amid heightened inflation and tariff concerns.The Fed's preferred inflation measure, the...

US stock futures wavered as Wall Street continues to grapple with President Trump's escalating trade war. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) dipped 0.1%. CBOT - Delayed Quote • USD As of 8:02:11 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have had a rollercoaster of a week, starting off on a high on hopes that Trump would temper his tariff plans and then abruptly diving on Wednesday upon news of new duties on auto imports....

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,...

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...