archiveHoward Lutnick

US stock futures wavered as Wall Street digested the progress on US-China trade negotiations, a fresh legal ruling on President Trump tariffs, and braced for the release of the May inflation report. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered just below baseline. On Tuesday, representatives from the US and China reached an agreement on a framework and implementation plan to ease trade tensions between the two countries. “We have reached a framework to implement the Geneva...

Housing stocks have struggled this year as mortgage rates ride a roller coaster amid Trump’s sweeping tariff plans. However, according to Wedbush, that turbulence could offer a buying opportunity. “We would use the sell-off as a buying opportunity for builders that generate 50% or more of annual sales from move-up and active adult buyers since those buyers tend to be less rate-sensitive than entry-level buyers,” Jay McCanless, senior vice president of equity research, wrote in a note to clients. The latest policy moves from the administration have brought uncertainty to...

US stock futures rose after Commerce Secretary Howard Lutnick hinted that President Donald Trump may provide a pathway to tariff relief for Canada and Mexico as soon as Wednesday. Futures attached to the benchmark S&P 500 (ES=F) climbed 0.7%. Futures attached to the Dow Jones Industrial Average (YM=F) advanced 0.6%. And futures attached to the tech-heavy Nasdaq (NQ=F) ascended 0.8% CBOT - Delayed Quote • USD As of 1:43:48 AM EST. Market Open. YM=F ES=F NQ=F Lutnick’s comments on Fox Business Network raised investor hopes that the president might reconsider...