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Headwinds keep gathering for Tesla (TSLA), whose shares fell 2.6% before the bell, pointing to another retreat for the struggling stock. The EV maker is expected to report a decline in vehicle deliveries when it posts its first quarter numbers on Wednesday. While on average Wall Street analysts anticipate a drop of 3.7%, some are predicting a slide of 12%, per Reuters. The gloom comes after Tesla registrations in key European countries tumbled again in March, another sign of faltering sales in a key market. That slide, alongside sales pullbacks...

US stock futures rose as Wall Street braced for President Trump's announcement of new tariffs that stand to remake the global trade order. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%. CBOT - Delayed Quote • USD As of 11:53:26 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have cautiously ticked up this week ahead of Trump's big tariff reveal, which will take place at the Rose Garden at 4 p.m....

Data out Tuesday showed activity in the manufacturing sector slipped into contraction and costs continued to surge as suppliers weighed the impact of President Trump's tariff policy. The Institute for Supply Management's manufacturing PMI registered a reading of 49.0 in March, down from February's 50.3 reading and below the 49.5 economists polled by Bloomberg had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate a contraction. The prices paid index surged to 69.4, up from 62.4 the month prior and the highest...

US stock futures fell as President Trump's deadline to impose reciprocal tariffs on US trading partners creeps closer. Futures attached to the Dow Jones Industrial Average (YM=F) slid 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq Composite (NQ=F) slumped 0.2%. CBOT - Delayed Quote • USD As of 1:26:40 AM EDT. Market Open. YM=F ES=F NQ=F The week kicked off with stocks rebounding on Monday. However, the boost was a drop in the bucket as markets closed both the month and the quarter in the...

Overseas markets are being blasted by Trump tariff worries today. Momentum names in Nvidia (NVDA) and Tesla (TSLA) are getting slammed premarket. And US markets are taking it on the chin in premarket trading. It's shaping up to be a week, as they would say. To that end, Goldman's chief US equity strategist David Kostin cut his three-month and 12-month return forecasts for the S&P 500 (^GSPC) by 5% and 6%, respectively. That would put the S&P 500 at 5,300 in three months, and 5,900 in 12 months. "Slowing growth...

US stock futures slumped on Monday, eyeing a return to losses as trade-war worries kept building in the run-up to President Trump's tariff bonanza later in the week. Contracts on the tech-Nasdaq 100 (NQ=F) led the way lower, down 1.1%, while S&P 500 futures (ES=F) sank roughly 0.8%. Dow Jones Industrial Average futures (YM=F) dropped about 0.5%, or 200 points. Markets are set to wrap up March on a woeful note, after a rough month and quarter beset by Trump's fast-evolving tariff policy. Last week was the fifth in six...

US stock futures fell on Sunday as investors braced for the broadest set yet of President Trump's tariffs to be enacted this week, including an April 2 bonanza that Trump has taken to referring to as “Liberation Day.” Futures linked to the Dow Jones Industrial Average (YM=F) dropped by 180 points, or 0.4%, while S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) fell by 0.7% and 1.1%, respectively. CBOT - Delayed Quote • USD As of 8:55:50 PM EDT. Market Open. YM=F ES=F NQ=F The stock market is set to...

Gold futures (GC=F) rose to a fresh record on Friday as tariff threats sparked fears of an escalating trade war, while the stock market plummeted. Sticky inflation along with plummeting consumer sentiment prompted investors to continue buying up the safe haven asset. A weaker US dollar (DX-Y.NYB) has also supported higher gold prices. Gold futures surpassed $3,115 ahead of the Trump administration's reciprocal tariffs announcement on April 2. On Wednesday the President announced 25% levies on foreign-made autos . The yellow metal is up more than 17% over the past...

The recent market decline has prompted another Wall Street strategist to revise its S&P 500 forecast lower for 2025. On Friday, UBS Global Wealth Management head of US equities David Lefkowitz predicted earnings would come in weaker than previously expected, prompting a trim to the firm's year-end price target to 6,400 from 6,600 on the broad-based index. “We still believe that US stocks can recover and post gains for the year. However, recent economic weakness and our expectation that tariffs will be at the higher end of our base case...

US stocks opened lower on Friday as investors assessed the latest inflation data and anticipated reciprocal tariffs expected to be announced next week. The Dow Jones Industrial Average (DJI) fell 0.2%, while the benchmark S&P 500 (GSPC) dropped 0.3%. The tech-heavy Nasdaq Composite (IXIC) decreased 0.5%. The latest Personal Consumption Expenditures index showed prices increased more than expected last month, rising 0.4% month over month and 2.8% year over year, continuing a stubborn plateau on the path to the Fed's target. Investors also digested President Trump's auto tariff announcement this...