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US stock futures turned sharply lower after President Trump threatened new tariffs on the European Union and Apple (AAPL). In addition to warning Apple of a 25% tariff (see post below), Trump proposed applying a 50% tariff on all EU goods starting June 1 after trade talks stalled. "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump posted on Truth Social. "Our discussions with them are going nowhere! Therefore, I am recommending...

The US dollar is under pressure as global investors grow increasingly wary of America's fiscal trajectory. Once seen as a reliable safe haven, the greenback is now facing renewed skepticism, with strategists telling Yahoo Finance that capital is shifting toward undervalued currencies in Europe and Asia amid expectations of foreign stimulus and more attractive valuations abroad. The US Dollar Index (DX-Y.NYB) — which tracks the dollar's value against a basket of major currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc — has dropped...

May 22, 2025 10:33 PM ISTUS Stock Market LIVE Updates: Solar Power Stocks Plunge as GOP House Bill to Gut SubsidiesInvestors of clean-power stocks are running for the exits after a massive tax and spending bill that would gut former President Joe Biden’s landmark climate law narrowly passed the House of Representatives.   The bill now moves to the Senate, where some lawmakers are skeptical of provisions that would end subsidies for green energy years earlier than planned. But even as some Wall Street analysts suggested a final bill isn’t...

The Wall Street Journal on Thursday reported that the US Treasury will stop minting new pennies next year, bringing an end to the country's smallest monetary denomination. According to the Journal, the Treasury lost $85 million last year on new pennies, with 3 billion new one-cent pieces minted and then sent into circulation. The move is expected to save the government $56 million annually. For businesses, the lack of new pennies in circulation will mean cash transactions need to be rounded up or down to the nearest 5 cents, with...

US economic output rebounded in May as businesses digested President Trump's tariff rollback. S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 52.1 in May, up from 50.6 in April. Increased activity in both the services and manufacturing sectors helped drive the gains. S&P's services PMI increased to 52.3 in May, up from 50.8. Meanwhile, the manufacturing PMI also increased, rising to 52.3, above the 50.2 seen the month prior. “Business confidence has improved in May from the worrying slump...

US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. The run-up seen from lower levels also was a big factor in investors choosing to take money off the table as uncertainties rose. Watch this space for all the live updates.US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries...

The S&P 500's (^GSPC) macro moment may be over. As tariff news whipsawed markets to start the second quarter, stocks moved roughly in unison. In April, the one-month correlation of stock movements within the benchmark index soared to nearly 0.7, a level only seen in the past five years when the Federal Reserve began hiking interest rates in 2022 and during the onset of the pandemic. But as President Trump has dialed back the height of his tariffs on other nations, the correlation between stocks in the S&P 500 has...

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...