archivetrade war

US stock futures wavered after investor optimism largely persisted for another day despite growing warnings that relief over trade developments could be short-lived. Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) traded flat. On Monday, stocks ticked up despite the US losing its last AAA credit rating on Friday. Since the US and China struck a deal to temporarily roll back tariffs last week, Wall Street has been shaking off fears of a...

Wall Street economists are tweaking their GDP growth estimates as new data trickles in, with Trump's tariff whipsaw still firmly in the background. The Atlanta Fed's GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects that GDP fell by 2.2% in the first three months of the year, an improvement from its prior April 9 projection of negative 2.4% growth. The update follows Wednesday's retail sales data, which rose 1.4% in March, matching forecasts. The control group in the release, which excludes...

Delta (DAL) and Walmart (WMT) on Wednesday started what is sure to be a lengthy period of companies cutting or withdrawing their forecasts as a result of tariff uncertainty. But cutting guidance so an executive team can buy itself time to figure out what constitutes success for its business under this new tariff regime is only one way companies will use these events for cover. Another way involves finishing off what was started after the pandemic: downsizing. In 2022, a wave of layoffs blew through the corporate world, most notably...

Getty Images; Chelsea Jia Feng/BI The stock market is in meltdown mode amid the trade war. Most advice in times like this is, "don't panic," but it can be hard to keep a cool head. Market pros say have some advice if you're worried about your portfolio amid the sell-off. The stock market just capped off a historic two-day plunge amid the panic caused by President Donald Trump's trade war. On Friday, The Dow Jones Industrial Average cratered by more than 2,200 points, the Nasdaq 100 ended in a bear...

Macron's comments are seen as an attempt to dissuade French tycoons from cozying up to Trump, potentially to try to cut private deals, outside regular EU trade policy. Earlier this month Trump announced that French shipping giant CMA CGM intended to invest €20 billion in the U.S. In January, meanwhile, Bernard Arnault, the head of luxury goods giant LVMH, said he was considering increasing investment in the U.S. and lauded Trump's economic policy. On Wednesday the Trump administration slapped the EU with 20 percent tariffs on all exports to the...

Homebuilder stocks edged lower on Wednesday as concerns over President Trump’s big tariff announcement raised fears that higher construction costs could slow the housing recovery. D.R. Horton, Inc. (DHI), the biggest US homebuilder, slid nearly 1% Wednesday morning, while Lennar (LEN) and PulteGroup (PHM) fell 0.7% and 0.4%, respectively. Trump is scheduled to unveil his major tariff plan details at a Rose Garden address this afternoon. Builders have been growing concerned about the impact of these tariffs, especially on materials from China, Canada, and Mexico. Morgan Stanley warns that tariffs...

US stock futures edged lower on Wednesday as Wall Street braced for President Trump to reveal details of sweeping new tariffs that promise to profoundly shake up US trading relations worldwide. S&P 500 futures (ES=F) slipped 0.2%, while Dow Jones Industrial Average futures (YM=F) nudged down 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved 0.3% lower on the heels of a mixed close for the major US stock gauges. The day has finally arrived for Trump's big tariff reveal, with Wall Street looking forward to the end of trade...

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...