The Dow Jones Industrial Average (DJIA) rose another 100 points on Monday, extending the ongoing equity recovery even as investor sentiment continues to churn in the face of constantly changing trade policies from the US administration. The Federal Reserve (Fed) is poised to deliver another rate call this week, and Fed policymakers are broadly expected to maintain their wait-and-see approach. Rate markets have fully priced in another hold on rates this Wednesday. Trade policy inconsistency remains the single large cloud hanging over equity markets, keeping bullish momentum tepid overall. US...
The S&P 500 moved lower to start the week as investors monitored the latest developments on global trade, including another surprise set of tariffs from President Donald Trump. The broad-market index shed 0.2%, while the Nasdaq Composite dipped about 0.3%. The Dow Jones Industrial Average gained 115 points, or nearly 0.3%, meanwhile. The major indexes cut losses after data Monday from the Institute for Supply Management reflected stronger-than-expected service sector activity in April, even as company executives reported rising concern about tariffs. At its lows, the Dow fell as much...
US stocks closed lower Monday, unable to shake losses as investors weighed strong economic data against trade tensions and the upcoming Fed meeting. The S&P 500 and Nasdaq slipped 0.6% and 0.7% respectively, with the former snapping nine-day win streaks, while the Dow lost 98 points. Markets reacted to President Trump threatened new tariffs, including a 100% levy on foreign films, but sentiment improved following stronger-than-expected ISM services data. Still, uncertainty persisted after Trump said he has no plans to speak with China's President Xi, keeping investors cautious. Energy...