archiveJerome Powell

The steep recovery in equity markets over the past two weeks is typical of bear market rallies, and the erratic swings mean almost every investor will experience pain whichever direction the market suddenly moves. Goldman Sachs Group (GS) strategist Peter Oppenheimer said “the asymmetry for equity investing is poor. Sharp rallies within bear markets are the norm, not the exception.” The biggest market driver is still uncertainty, with no real long-term bullish or bearish conviction seen from investors. Price action is mainly fueled by short-term headlines and guesswork on how...

Treasury Secretary Scott Bessent said Tuesday on Capitol Hill that new trade deals with major partners could be announced as soon as this week. "Many of our trading partners have approached us with very good offers, and we are in the process of renegotiating those," Bessent said, noting that the US is currently in talks with 17 of its 18 key trading partners, with China as the exception. "I'd be surprised if we don't have more than 80% or 90% of those wrapped up by the end of the year,...

US Stock Market Live: US stocks rose on Wednesday as investors hoped US-China trade tensions would ease. Trump stated his intention not to fire Fed Chair Jerome Powell and expressed willingness to reduce tariffs on Chinese imports.US Stock Market LIVE: Stocks rose on Wednesday as investors hoped US-China trade tensions would ease.The Dow Jones Industrial Average rose 534 points, or 1.4%. The S&P 500 climbed 1.8%, and the Nasdaq Composite rallied 2.7%.Trump said he’s willing to take a less confrontational approach to trade talks with China, noting that the current...

US economic activity continued to sink this month amid uncertainty around tariff policy. New data from S&P Global out Wednesday showed its flash composite PMI output index for April — which captures activity in the services and manufacturing sectors — fell to 51.2, the lowest in 16 months. Manufacturing activity rose to 50.7, up from 50.2 in March. Services activity fell to 51.4 from 54.4 in March. Readings above 50 indicate an expansion in activity in the sector; readings below 50 indicate contraction. Sentiment about the year ahead fell sharply,...

US stock futures jumped after President Trump said he has 'no intention' of firing Federal Reserve Chair Jerome Powell, easing fears on Wall Street that the central bank's independence was under threat. Futures attached to the Dow Jones Industrial Average (YM=F) popped 1.2%, while futures attached to the benchmark S&P 500 (ES=F) jumped 1.5%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) soared 1.8%. CBOT - Delayed Quote • USD As of 2:09:28 AM EDT. Market Open. YM=F ES=F NQ=F Trump told reporters from the Oval Office on Tuesday that...

The dollar advanced against its major peers after US President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell.The greenback climbed the most against the yen and Swiss franc as a rise in US stock futures damped demand for haven assets. The dollar climbed as much as 1% versus both currencies to around 143.00 yen and 82.69 centimes, respectively. Some technical indicators and market positioning had suggested an overshooting of bearish dollar bets. The US currency fell to the lowest since December 2023 this week...

US Stock Market LIVE: Futures on Wall Street recovered from the early lows and are now trading with gains after Monday's steep sell-off. The Dow futures, which at one point, were down 80 points, are now trading with gains of close to 350 points, while the S&P 500 and Nasdaq futures are trading with gains of 50 and 180 points respectively. Watch this space for all the Live Updates.US Stock Market LIVE: Futures on Wall Street recovered from the early lows and are now trading with gains after Monday's steep...

US stock futures edged slightly up on Tuesday following a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Futures attached to the Dow Jones Industrial Average (YM=F) climbed 0.8%. Futures for the benchmark S&P 500 (ES=F) ascended 0.9%, while futures for the tech-heavy Nasdaq Composite (NQ=F) advanced 1%. CBOT - Delayed Quote • USD As of 5:47:24 AM EDT. Market Open. YM=F ES=F NQ=F On Monday, stocks tanked as Trump took to social media to say that the US economy...

By Hannah Parry is a Newsweek Live Blog Editor based in New York. Her focus is reporting on U.S. politics and society. She has covered politics, tech and crime extensively.Hannah joined Newsweek in 2024 and previously worked as an assistant editor at The U.S. Sun and as a senior reporter and assistant news editor at The Daily Mail. She is a graduate of the University of Nottingham. You can get in touch with Hannah by emailing h.parry@newsweek.com. Languages: English. Hannah Parry and Gabe Whisnant is a Breaking News Editor at...

US stock futures traded flat after a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. 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 9:39:30 PM EDT. Market Open. YM=F ES=F NQ=F On Monday, stocks tanked as Trump took to social media to say that the US economy would slow unless Powell cuts interest rates now, calling the Fed...