Most U.S. stocks went up on Thursday, but UnitedHealth Group experienced its worst drop in 25 years, which held Wall Street back. The S&P 500 gained just 0.1%, despite three out of four stocks in the index rising. The Nasdaq composite fell by 0.1%, showing more stability after a significant drop the previous day. The…
Category: Market
Most US stocks climb, but UnitedHealth’s steep plunge limits Wall Street’s gains
Most U.S. stocks went up on Thursday, but a major drop in UnitedHealth Group’s shares held Wall Street back. The S&P 500 rose just 0.1%, even though about 75% of stocks in the index gained. The Nasdaq composite dipped 0.1%, showing more stability after a sharp fall the day before. The Dow Jones Industrial Average…
US stocks fall as Nvidia tumbles and trade war uncertainty deepens
U.S. stocks dropped on Wednesday after Nvidia said that new export limits to China will cut billions from its earnings, while companies worldwide said President Donald Trump’s trade war is making it harder to predict their performance and the economy’s direction this year. The S&P 500 fell 2.2%, after earlier dropping as much as 3.3%,…
Wall Street sees a rare calm day after weeks of tariff-driven volatility
U.S. stocks moved slightly on Tuesday during a rare calm day in the markets. The S&P 500 slipped 0.2%, the Dow Jones Industrial Average dropped by 155 points, or 0.4%, and the Nasdaq composite fell by less than 0.1%. These small changes gave investors a break after recent wild shifts in the market, not just…
Global stocks climb as Trump temporarily relaxes tariffs on electronics
Stocks went up around the world on Monday after President Donald Trump decided to temporarily ease some of his tariffs, and worries in the U.S. bond market started to calm down. The S&P 500 increased by 0.8%, although trading stayed unstable and at one point, the index lost all of its earlier 1.8% gain. The…
Trump’s commerce secretary states that electronics tariff exemptions are temporary, with new chip tariffs expected soon
On Friday, the U.S. announced tariff exemptions for electronics like smartphones and laptops, but this is only temporary until a new tariff strategy for the semiconductor industry is decided, according to U.S. Commerce Secretary Howard Lutnick on Sunday. White House officials, including President Donald Trump, downplayed the significance of the exemptions, which reduce but do…
US wholesale inflation dropped last month, but the trade war risks undoing this progress
U.S. wholesale prices dropped last month, showing that inflation pressures are easing. However, President Donald Trump’s trade wars create uncertainty, with new tariffs being introduced by both China and the U.S. The producer price index, which tracks inflation before it reaches consumers, decreased by 0.4% from February. This was the first drop since October 2023,…
US stocks surge as bond market fluctuates, wrapping up a turbulent and historic week on Wall Street
U.S. stocks surged on Friday after another chaotic day on Wall Street, as the falling value of the U.S. dollar and fluctuations in financial markets highlighted ongoing concerns over President Donald Trump’s trade war with China. The S&P 500 gained 1.8%, despite frequent shifts between gains and losses, capping off a week filled with dramatic…
JPMorgan reports Q1 profit of $14.6 billion, with CEO citing concerns over global trade and other uncertainties
JPMorgan’s net income grew by 9% to $14.6 billion in the first quarter, surpassing Wall Street’s profit and revenue expectations. However, CEO Jamie Dimon warned that global economic uncertainties, driven by President Donald Trump’s ongoing trade war and other geopolitical tensions, could affect the bank’s future performance. Dimon mentioned that the bank’s strong results were…
China retaliates, raising tariffs on U.S. goods from 84% to 125%
On Friday, China announced that it will raise tariffs on U.S. goods from 84% to 125%. This move is the latest in the ongoing trade war between the two largest economies in the world, shaking up markets and fueling concerns of a global economic slowdown. While President Donald Trump paused import taxes for other countries…