This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Friday. Reddit was announced officially as the...
The Trump administration expanded the government's investment portfolio this week after six semiconductor companies signed letters of intent to receive...
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...