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Inflation didn't pickup as much as Wall Street expected in May. The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.4% over the prior year in May, an increase from April's 2.4% and in line with economists' forecast for 2.4%. But all other closely watched metrics from the release came in below expectations. On a month-over-month basis, prices increased 0.1%, lower than the 0.2% estimated by economists and the 0.2% increase seen in April. On a "core" basis, which strips out the more volatile costs...

US stock futures wavered as Wall Street digested the progress on US-China trade negotiations, a fresh legal ruling on President Trump tariffs, and braced for the release of the May inflation report. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered just below baseline. On Tuesday, representatives from the US and China reached an agreement on a framework and implementation plan to ease trade tensions between the two countries. “We have reached a framework to implement the Geneva...

US stock futures drifted up as Wall Street largely shrugged off tariff risks even as President Trump doubled duties on steel and aluminum imports. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) rose 0.1%. Trump signed a proclamation on Tuesday evening that hiked tariffs on steel and aluminum imports from 25% to 50%. The United Kingdom is the only country exempt from the increase. The president's latest tariff move comes amid escalating tensions between the US and key...

US stock futures fell on Monday, as investors turned the page on a bullish May and eyed the month ahead with trade uncertainty lingering. S&P 500 futures (ES=F) were down 0.4%, with futures tied to the Dow Jones Industrial Average (YM=F) dropped 0.5%. Contracts tied to the Nasdaq 100 (NQ=F) slipped 0.6%. The tepid start to June follows a standout May: The S&P 500 (^GSPC) rallied more than 6% in its best month since November 2023 and best May since 1990. The Nasdaq Composite (^IXIC) soared 9%, and the Dow...

Newsmax (NMAX) Shares in conservative media group Newsmax dropped 10.4% after hours Thursday resulting in a drop of over 75% since the company went public in March. Despite growing viewership Newsmax has faced a number of problems and is currently still engaged in a lawsuit with Dominion Voting Systems over "false claims" spread by the news source after the 2020 election. An overly ambitious IPO valuation combined with weak financial returns have continued to crater stock value. Ulta Beauty (ULTA) Ulta Beauty stock jumped up 8.3% in extended trading after...

US stock futures rose after a US trade court blocked some of President Trump's tariffs, and Nvidia (NVDA)'s mixed earnings report impressed Wall Street despite the company's warnings on chip curbs. Futures attached to the Dow Jones Industrial Average (YM=F) rose 1.3%. Futures attached to the benchmark S&P 500 (ES=F) rose 1.5%. Futures attached to the tech-heavy Nasdaq 100 jumped (NQ=F) 1.9%. On Wednesday evening, a panel of judges at the US Court of International Trade took aim at Trump's trade agenda, blocking global tariffs imposed citing emergency powers on...

Asia-Pacific markets mostly declined Tuesday as investors digested the implications of US President Donald Trump's decision to defer 50% tariffs on European Union imports, sparking fresh concerns about the global trade outlook. Japan’s Nikkei 225 (^N225) slipped 0.2% to 37,451.60, while the broader Topix index was flat. The decline followed comments from Bank of Japan Governor Kazuo Ueda, who signaled that interest rate hikes could be on the horizon due to rising inflation. Mainland China’s CSI 300 (83188.HK) dipped 0.6% despite data showing industrial profits rose 1.4% in April, up...

US stock futures jumped Monday night following President Trump's decision to delay a broad 50% tariff on all EU products from June to July to allow time for negotiations. Futures tied to the Dow Jones Industrial Average (YM=F) rose 0.9%, with S&P 500 contracts (ES=F) flying up 1.1%. Futures for the tech-heavy Nasdaq 100 (NQ=F) surged 1.3%. The jumps followed Trump’s Sunday announcement that he would postpone a 50% tariff on EU imports until July 9. The move came after a request from European Commission President Ursula von der Leyen,...

US stock futures traded flat as a vote on President Trump's "big, beautiful" tax bill neared. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) flatlined. On Wednesday evening, House Speaker Mike Johnson said he plans to move ahead with a vote on Trump's tax legislation as soon as tonight despite Republican lawmakers in the House Freedom Caucus maintaining the bill is "not ready." Johnson revealed earlier on Wednesday the bill would include a...

US stock futures slid on Tuesday, signaling a pause in the recent rally amid growing warnings that investor relief over the thaw in trade tensions and easing inflation may be misplaced. S&P 500 futures (ES=F) dropped 0.3% on the heels of a sixth straight day of gains for the broad benchmark. Dow Jones Industrial Average futures (YM=F) slipped roughly 0.2%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) backed off 0.4%. Since the US and China struck a deal to temporarily roll back tariffs last week, markets have been shaking...