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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,...

US stock futures dropped after President Trump signed an executive order imposing 25% tariffs on car imports. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) fell 0.3%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) tumbled 0.4%. CBOT - Delayed Quote • USD As of 9:25:19 PM EDT. Market Open. YM=F ES=F NQ=F Trump announced the new duties from the Oval Office on Wednesday, saying they would "spur growth like you've never seen before." The tariffs on foreign cars are set to begin...

US stock futures rose after President Trump signed an executive order imposing 25% tariffs on car imports. Futures for the Dow Jones Industrial Average went up 0.3% (YM=F) and futures tied to the benchmark S&P 500 (ES=F) rose 0.2%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) inched up 0.1%. CBOT - Delayed Quote • USD As of 3:32:49 AM EDT. Market Open. YM=F ES=F NQ=F Trump announced the new duties from the Oval Office on Wednesday, saying they would "spur growth like you've never seen before." The tariffs on...

Orders for durable goods rose 0.9% in February, well above economists' expectations for a 1% decline in the month. Meanwhile, core capital goods orders fell 0.3% in February, below the 0.2% expected, while shipments of capital goods increased 0.9%, higher than the 0.2% economists had expected. The metrics are closely watched, as they feed into the Gross Domestic Product (GDP). But following Wednesday's release, economists at Goldman Sachs wrote that they left their first quarter GDP forecast of 1.3% annualized growth for the US economy "unchanged." Renaissance Macro head of...

Orders for durable goods rose 0.9% in February, well above economists' expectations for a 1% decline in the month. Meanwhile, core capital goods orders fell 0.3% in February, below the 0.2% expected, while shipments of capital goods increased 0.9%, higher than the 0.2% economists had expected. The metrics are closely watched, as they feed into the Gross Domestic Product (GDP). But following Wednesday's release, economists at Goldman Sachs wrote that they left their first quarter GDP forecast of 1.3% annualized growth for the US economy "unchanged." Renaissance Macro head of...

On an upcoming episode of the Opening Bid podcast, Trump's top economic adviser during his first term, Gary Cohn, suggested that whipsawing markets could use a dose of policy certainty. "I would tell anyone who wants to understand what's going on in markets ... that markets thrive on predictability and they thrive on uncertainty," Cohn, who is a former director of the National Economic Council and current IBM vice chair, told Yahoo Finance's Brian Sozzi. "Ambiguity is the No. 1 enemy of a market," Cohn continued. "When a company creates...

Americans continue to sour on the US economic outlook as uncertainty around President Trump's policies and higher prices weigh on consumer sentiment. The latest consumer confidence index reading from the Conference Board was 92.9 in March, below the 100.1 seen in February and the lowest level in more than four years. The expectations index, which is based on consumers' short-term outlook for income, business, and labor market conditions, ticked lower to 65.2 from 72.9 and remained below the threshold of 80 — which typically signals recession ahead — for the...

Tesla (TSLA) stock climbed almost 4% in premarket trading Monday, poised to kick the week off on a positive note amid optimism about an easing in US tariff plans. At the weekend, reports said that President Trump will hold off from bringing in tariffs on the auto sector on April 2 as was anticipated. Worries about the impact of new trade duties on Tesla's upcoming results contributed to Wall Street's recent cuts to earnings outlooks. On Monday, the electric car maker responded to complaints about a pause in its Full...

Tesla (TSLA) stock climbed almost 4% in premarket trading Monday, poised to kick the week off on a positive note amid optimism about an easing in US tariff plans. At the weekend, reports said that President Trump will hold off from bringing in tariffs on the auto sector on April 2 as was anticipated. Worries about the impact of new trade duties on Tesla's upcoming results contributed to Wall Street's recent cuts to earnings outlooks. On Monday, the electric car maker responded to complaints about a pause in its Full...

The recently dubbed "Lag Seven" players are once again... lagging. After a brief comeback on Wednesday, fueled by the Federal Reserve, most of the major tech giants lost steam by late Thursday trading. The exceptions: Nvidia (NVDA) and Meta (META), which each rose a modest 0.8% and 0.7%, respectively, with less than twenty minutes left until the closing bell. Still, nearly all of the "Magnificent Seven" stocks are off by about 20% from their 52-week highs as risk-off sentiment pervades markets on the heels of greater policy and Fed uncertainties....