Stocks pulled back Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 260.32 points, or 0.62%, closing at 41,581.31. The S&P 500 shed 1.07%, ending at 5,614.66. The broad market index concluded the day 8.6% off its closing high reached in February, bringing it […]
Global stocks diverged while gold hit a record high on Tuesday as investors juggled geopolitical concerns with renewed violence in Gaza and a high-stakes US-Russian presidential phone call. Wall Street resumed a downward slide after two up days, but European stocks rose as German lawmakers approved a massive spending boost for defense and infrastructure. Gold […]
During Donald Trump’s first term as US president, he regularly referred to rising stock markets as evidence of the success of his economic policies. “Highest Stock Market EVER”, Trump wrote on social media in 2017 after record gains. “That doesn’t just happen!” And after securing a second term in November 2024, some of Trump’s close […]
US stocks climbed on Monday, with focus on more mixed economic data ahead of this week’s Federal Reserve policy meeting. The S&P 500 (^GSPC) gained about 0.6% to rebound for a second day in row, while the Dow Jones Industrial Average (^DJI) gained more than 350 points, or more than 0.8%. The tech-heavy Nasdaq Composite […]
Bitcoin (BTC 1.01%) and XRP (XRP 0.93%) might be a bit safer than some crypto assets, but it isn’t as though they’re rock solid when things are falling apart. As the Nasdaq Composite and S&P 500 enter correction territory, investors are starting to worry more about a potential market crash. And some are pondering which […]
Economists are reportedly concerned that recent stock market turbulence could drive down consumer spending. That’s because, per a report Sunday (March 16) by The Wall Street Journal (WSJ), the top 10% of American earners have in the last four years boosted spending by 58%. And it’s not just the ultra-wealthy investing in the stock market, […]
Bitcoin failed to sustain levels above $85,000 on March 14, despite a 1.9% gain in the S&P 500 index. More importantly, it has been over a week since Bitcoin last traded at $90,000, prompting traders to question whether the bull market is truly over and how long selling pressure will persist. Bitcoin basis rate rebounds from […]
In mid-February, President Trump spoke at an investment conference and offered a prediction. “We’re on the verge of soaring markets,” he told the crowd in Miami that evening. “I think the stock market is going to be great.” Unfortunately for him and for investors, it turned out to be tough timing. That Feb. 19 speech […]
Stocks rallied Friday, clawing back some of the steep losses seen over the week, as investors got a reprieve from tariff-related headlines. The Dow Jones Industrial Average rose 674.62 points, or 1.65%, to close at 41,488.19. The S&P 500 climbed 2.13% to end at 5,638.94, and the Nasdaq Composite advanced 2.61% to settle at 17,754.09. It was the best day in […]
Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs. Mr Musk is a close ally of the US president and is leading efforts to reduce the size of the federal government. But in an unsigned letter addressed to the US trade […]
The stock market is taking a beating—again. The Nasdaq just hit its lowest level since 2020, the S&P 500 is deep in the red, and investors are scrambling. Recession fears, inflation worries, and policy uncertainty have Wall Street on edge. But Warren Buffett? He’s been here before. And if history is any guide, he’d tell you that […]
As gold races to new records, Wall Street analysts have rushed to raise their price targets, with the latest call from Macquarie Group predicting the precious metal will touch $3,500 in the third quarter. On Thursday, gold futures (GC=F) climbed above $2,990 per ounce as a trade war intensified and the release of modest inflation […]
