U.S. stocks fluctuated on Friday, ending a volatile but strong May as investors weighed fresh trade tensions with China and cooling inflation data. The S&P 500 ended nearly flat after falling more than 1% intraday, while the Nasdaq fell 0.4% and the Dow rose 107 points.
The market swings were triggered after President Trump accused China of violating their latest trade deal, with reports further pressuring that the administration plans to expand technology restrictions targeting Chinese companies. Trade talks appeared to have stalled, and legal uncertainty surrounding Trump's tariff strategy added to investor jitters.
Meanwhile, the Fed's preferred inflation gauge showed cooling price pressures, offering some relief. On the earnings front, Costco (+4.1%) and Ulta Beauty (+11.5%) rose on strong results, but Gap plunged nearly 20% after weak sales guidance. The S&P 500 closed May up more than 5%, while the Nasdaq is eyeing a gain of nearly 10%—its best month since November 2023. The Dow is up about 3% this month. (alg)
Source: Trading Economics
Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&...
The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed strong economic data against latest batch of corporate...
The S&P 500 rose 0.2% and the Nasdaq gained 0.4% on Friday (July 18), extending gains after both indexes closed at record highs the previous day. Meanwhile, the Dow Jones Industrial Average hovere...
The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations betwee...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...
Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...
The Producer Price Index (PPI) for final demand in the US rose 2.3% annually in June, according to data published by the US Bureau of Labor...
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will...
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's...