archivePresident Trump

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...

US stock futures wavered as Wall Street continues to grapple with President Trump's escalating trade war. 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 8:02:11 PM EDT. Market Open. YM=F ES=F NQ=F Stocks have had a rollercoaster of a week, starting off on a high on hopes that Trump would temper his tariff plans and then abruptly diving on Wednesday upon news of new duties on auto imports....

Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened. Futures touched their 17th record of the year just north of $3,060 after President Trump's auto tariff announcement on Wednesday stoked further fears of a trade war. A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher. Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months if investments increase by 10% due to more buying from China,...

Gold (GC=F) hit new highs on Thursday as concerns of an escalating trade war heightened. Futures touched their 17th record of the year just north of $3,060 after President Trump's auto tariff announcement on Wednesday stoked further fears of a trade war. A move lower in the US dollar (DX-Y.NYB) index also helped drive prices higher. Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months if investments increase by 10% due to more buying from China,...