Stagflation or speed bump to recession? The macro matters and this current environment is uncertainty at best.
Verizon's stock is headed for its worst two-day stretch since 2008 after a downgrade from Wolfe Research.
Goldman Sachs analysts have lowered their forecast for the S&P 500 amid uncertainty around the Trump administration's tariffs and the US economy—and following a broad sell-off to start the week.
Wall Street tech stocks are set to drive a rebound on Wednesday as US tariffs on global steel and aluminum products begin, though US inflation numbers before the opening bell may change sentiment. The S&P 500 is predicted to climb off a six-month low as futures rose 0.8%, while futures for the tech-powered Nasdaq were up 0.9% and for the Dow Jones were up 0.5%.
It's been tough for Wall Street strategists to hold their nerve in the face of the ever-changing tariff policy.
The stock ended February as the top performer in the index.
The U.S. stock market is struggling with soured sentiment over President Donald Trump's tariffs, with the S&P 500 attempting to rebound from a big slump that left it near correction territory.
As Wall Street grapples with volatility and recession fears, China's stock market is on a tear. While the S&P 500 index is down over 4.6% year-to-date, three China-based stocks have surged more than 50%, fueled by AI investments and shifting investor sentiment.
A new batch of tariffs from President Donald Trump on Tuesday again sent some investors scrambling, as stock indexes tumbled further as the market shudders at economic policy uncertainty.
Robert Rowe, Citi Research head of global strategy and U.S. regional director of research, joins 'Money Movers' to discuss Rowe's thoughts on U.S. equities, where growth expectations are changing, and much more.
Trump tariffs of 50% are set to hit Canadian steel and aluminum imports, President Trump said, and that's just the start. The post Trump Orders 50% Steel Tariffs, Threatens Canada With All-Out Trade War; S&P 500 Slides appeared first on Investor's Business Daily.
The report exceeded analyst expectations and showed that job market remained in decent shape.