[ad_1] US Treasuries rallied after a strong note auction and data revealed the world’s top economy shrank at the start of the year, reinforcing bets the Federal Reserve will lower interest rates twice by early 2026. US government debt extended gains Thursday after the Treasury Department received robust demand for a sale of new notes….
[ad_1] Wall Street’s key stock indices opened higher on Tuesday after US President Donald Trump dialed back his threat of tariffs on European Union imports. At the opening bell, the Dow Jones Industrial Average rose 246.0 points, or 0.59%, to 41849.04. The S&P 500 rose 51.3 points, or 0.88%, to 5854.07​, while the Nasdaq Composite…
[ad_1] In a holiday-shortened week ahead, Wall Street investors will have a packed calendar with several economic data and earnings reports slated to be released. The US stock markets will be closed on Monday in observance of Memorial Day. On the economic data front, the spotlight will be on the first estimate of the US…
[ad_1] (Bloomberg) — The manager of the Federal Reserve’s massive portfolio of securities said the central bank’s effort to reduce the size of its balance sheet is beginning to place pressure on the market for repurchase agreements. That pressure likely means the Fed’s tools for controlling short-term interest rates will become increasingly important, Roberto Perli,…
[ad_1] US stock indices opened mixed on Thursday after the House of Representatives cleared President Donald Trump’s tax bill, which is expected to burden the country with trillions in debt. At the opening bell, the Dow Jones Industrial Average fell 96.8 points, or 0.23%, to 41763.68. The S&P 500 fell 3.3 points, or 0.06%, to…
[ad_1] Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump’s tax-cut bill. At the opening bell, the Dow Jones Industrial Average fell 322.8 points, or 0.76%, to 42,354.46. The S&P 500 fell 30.3 points, or 0.51%, to 5,910.18, while the Nasdaq Composite dropped…
[ad_1] US stock indices declined on Tuesday as investors focused on the fate of President Donald Trump’s giant tax cut proposal. The legislation is expected to face a close vote later this week. “We have a tremendously unified party,” Trump told reporters as he arrived at Capitol Hill on Tuesday to encourage Republicans to resolve…
[ad_1] Wall Street stocks slipped and US Treasury yields jumped on Monday after ratings agency Moody’s cut the United States’ credit rating. Moody’s late on Friday slashed the United States’ sovereign credit rating to “Aa1” from “Aaa”, citing rising levels of government debt and interest payment ratios “to levels that are significantly higher than similarly…
[ad_1] Wall Street markets in the week ahead will be guided by plenty of earnings reports, including Home Depot, Palo Alto Networks, Medtronic, Snowflake, Intuit and Workday. On the economic data front, investors will witness new and existing home sales numbers, S&P flash US services and manufacturing PMIs for May. US Federal Reserve Chair Jerome…
[ad_1] The agreement between the US and China to roll back their respective tariffs for 90 days has led to renewed optimism that the worst of America’s trade wars is over. I’m not seeing the “breakthrough”: There’s still plenty of scope for economic damage that the Federal Reserve will struggle to contain. First, the rollback…
