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After a massive drawdown in the initial reaction to President Trump's April 2 tariffs, major stock indexes have roared back. But following six straight days of gains that have brought the S&P 500 within 3% of a new all-time high, some on Wall Street are cautioning that the next move in markets might not be definitively higher. "I do think there is some complacency ," Charles Schwab chief investment strategist Liz Ann Sonders told Yahoo Finance. Sonders pointed out that at the bottom of the drawdown, investor sentiment hit historically...

After a massive drawdown in the initial reaction to President Trump's April 2 tariffs, major stock indexes have roared back. But following six straight days of gains that have brought the S&P 500 within 3% of a new all-time high, some on Wall Street are cautioning that the next move in markets might not be definitively higher. "I do think there is some complacency ," Charles Schwab chief investment strategist Liz Ann Sonders told Yahoo Finance. Sonders pointed out that at the bottom of the drawdown, investor sentiment hit historically...

US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody's downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump's tariff salvos. The Dow Jones Industrial Average (^DJI) edged up 0.3%. The S&P 500 (^GSPC) managed to close above the flatline to extend its 5-day win streak. The tech-heavy Nasdaq Composite (^IXIC) also rose slightly. Moody’s cut the US government’s long-term credit rating from AAA to AA1 late Friday, citing escalating deficits and the...

Stocks closed up for the week, as optimism over trade deals overshadowed plummeting consumer sentiment data released on Friday. The S&P 500 (^GSPC) extended gains for a fifth straight session, up more than 5% for the week. The tech-heavy Nasdaq Composite (IXIC) also rose more than 7% over the past five days. The Dow Jones Industrial Average (DJI) also rose on Friday, gaining more than 3% for the week. Investors expect more negotiations to come after the US announced a trade pact with China on Monday. Meanwhile, consumer sentiment tumbled...

Shares of AI leaders and chipmakers moved higher on Wednesday morning as easing trade tensions and new chip deals with Saudi Arabia lifted hopes for the tech sector. Here's a look at some of the top tickers trending in premarket trading: Super Micro Computer (SMCI) stock soared more than 17% on Wednesday, adding on to Tuesday's 16% gain, after Raymond James initiated coverage with an Outperform rating and $41 price target on shares. Raymond James said the company has “emerged as a market leader in AI-optimized infrastructure,” even as the...

Shares of AI leaders and chipmakers moved higher on Wednesday morning as easing trade tensions and new chip deals with Saudi Arabia lifted hopes for the tech sector. Here's a look at some of the top tickers trending in premarket trading: Super Micro Computer (SMCI) stock soared more than 17% on Wednesday, adding on to Tuesday's 16% gain, after Raymond James initiated coverage with an Outperform rating and $41 price target on shares. Raymond James said the company has “emerged as a market leader in AI-optimized infrastructure,” even as the...

Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to...

Stocks rose at the open on Wall Street on Friday after President Trump suggested cutting US tariffs on Chinese imports. His comment fueled further optimism that the trade war is easing ahead of talks between Treasury Secretary Scott Bessent's team and Chinese officials in Switzerland this weekend. The Dow Jones Industrial Average (^DJI) edged up 0.2%. The S&P 500 (^GSPC) rose 0.4%, while the Nasdaq Composite (IXIC) gained about 0.5%. In a social media post on Friday morning, Trump suggested an 80% tariff rate for Chinese imports. Markets are attempting...

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,...

Oil prices tumbled more than 2% on Monday over expectations of a supply boost from OPEC+, while trade war-sparked demand worries linger. West Texas Intermediate (CL=F) futures fell more than on Wednesday to trade near $57 a barrel, while Brent crude (BZ=F), the international benchmark, also dropped to near $60 per barrel. Prices declined after members of the Organization of Petroleum Exporting Countries on Saturday agreed to boost production levels next month by the same increase as in May. Wall Street anticipates the cartel will likely raise output in July...