US stocks edged higher Wednesday afternoon after President Trump denied plans to fire Federal Reserve Chair Jerome Powell, though he stopped short of ruling it out entirely.
The S&P 500 rose 0.2%, rebounding from earlier losses, while the Dow gained 150 points and the Nasdaq 100 added 0.1%. Markets initially dropped on reports that Trump was considering Powell's removal, adding to existing anxiety over sticky inflation and trade tensions.
The Producer Price Index came in flat for June, offering some relief after Tuesday's hotter-than-expected CPI report, which showed the fastest annual inflation rate since February.
On the earnings front, Bank of America slipped 0.7% after reporting weaker-than-expected revenue, and Morgan Stanley dropped 3% despite solid results. In contrast, Goldman Sachs rose 0.6% on a strong profit beat. Johnson & Johnson surged nearly 6% after topping estimates and lifting its full-year forecast.
Source: trading Economi
The STOXX 50 rose 0.9% and the STOXX 600 gained 0.6% on Thursday, marking their first advances in six and five consecutive sessions, respectively, as investor attention shifted to corporate earnings. ...
Asia-Pacific markets mostly fell Thursday, with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire ...
Stocks in the US closed higher on Wednesday after President Trump denied plans to fire Federal Reserve Chair Jerome Powell, though he stopped short of ruling it out entirely. The S&P 500 climbed ...
The STOXX 50 was down 0.6% and the STOXX 600 slipped 0.3% on Wednesday, as investors focused on a fresh wave of corporate earnings. ASML Holding shares tumbled more than 6% after the company warned o...
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will impose a 19% tariff on the country's exports to the...
What are the market implications of a potential early departure of Fed Chairman Powell? This scenario seemed improbable, but for an hour on Wednesday afternoon, it seemed very real. It was initially reported that a letter had been prepared by Trump...
Oil prices edged higher on Thursday (July 17th), driven by signs of easing trade tensions, stronger-than-expected economic data from the world's major oil consumers, and renewed risks in the Middle East. Brent crude futures rose 17 cents, or about...
Gold prices weakened on Thursday, pressured by a stronger U.S. dollar, as investor concerns eased temporarily after President Donald Trump said he had no plans to fire Federal Reserve Chairman Jerome Powell. Spot gold fell 0.5% to $3,330.21 an...
President Donald Trump on Monday threatened to impose "secondary tariffs" on Russia's trade partners "at about 100%" if President Vladimir Putin...
President Donald Trump said the US would send more Patriot air defense batteries to Ukraine, apparently in a shift in stance toward Russia after its...
U.S. stocks edged lower Monday amid fears of an intensifying trade war after President Donald Trump slapped 30% tariffs on imports from Mexico and...
European stocks erased early gains and closed mostly lower on Tuesday as markets continued to assess how potential tariffs from the US may hurt...