US stocks were little changed on Tuesday as investors digested conflicting signals from President Trump on tariffs. After initially delaying the return of broad "Liberation Day" tariffs until Aug. 1, Trump reversed course and said there would be no further extension, adding confusion to an already volatile trade environment.
The S&P 500 and Nasdaq closed near the flatline, while the Dow fell 165 points. The market reacted sharply to Trump's announcement of a steep 50% tariff on copper imports, sending copper futures soaring more than 10% and lifting shares of producers such as Freeport-McMoRan and Southern Copper.
Meanwhile, pharmaceutical stocks pared gains after Trump hinted at 200% tariffs on foreign-made drugs but suggested a one-year grace period. Tesla rose 1.3%, while Amazon fell 1.8% as an expanded Prime Day began. Investors are awaiting the release of the Fed's June meeting minutes and Delta Air Lines earnings on Wednesday later in the week. (alg)
Source: Trading Economics
Asian stocks moved mixed on Thursday after Wall Street rallied and pushed the S&P 500 to a new record. A decline in US producer price inflation (PPI) bolstered confidence that the Fed could cut in...
The S&P 500 notched a second straight record-high close on Wednesday, as Oracle surged and cooler-than-expected inflation data supported expectations the U.S. Federal Reserve will cut interest rat...
European stocks closed mostly lower on Wednesday with losses from tech, consumer defensive companies, and miners as markets continued to assess the outlook on global rates and geopolitical risk. The E...
The S&P 500 jumped to a fresh record on Wednesday after a reading on wholesale prices unexpectedly declined, a welcome development for investors clamoring for a Federal Reserve rate cut next week ...
European stocks have opened higher as a bit of political calm enters the market. The Stoxx 600 Index was up 0.6% in its third session of straight gains. Retailers led the rally as Inditex shares jump...
World oil prices recorded a slight decline in trading on Wednesday (September 10th) despite escalating geopolitical tensions in the Middle East. Prices briefly surged nearly 2% following Israel's attack on Qatar, but the gains were...
The US dollar held steady early in the Asian session after the PPI data fell 0.1% in August, reinforcing expectations that the Fed would cut interest rates next week. The Dollar Index edged up to 97.822, marking a third consecutive day of gains....
Gold held steady just below its record, around $3,645/oz, after an unexpected decline in US producer prices (PPI) fueled hopes of Fed policy easing. The market now awaits the release of US CPI data Thursday evening (WIB) for confirmation of the...
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...
Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...
The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...