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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...

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...