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Time of India
08-07-2025
- Business
- Time of India
US stock market: Dow dips over 50 points while Nasdaq was up 0.09%; Wall street trades flat amid Donald Trump's latest tariff threat
Wall Street saw a mixed start on Tuesday as investors digested President Donald Trump's renewed tariff warnings while also weighing concerns over high stock valuations. In early trading, the Dow Jones Industrial Average slipped 0.14% to 44,343, shredding 62 points. The Nasdaq was up 19 points of 0.09%, reaching 20,431. S&P 500 also remained flat, gaining 0.01% or 0.63 points to 6,230, at 7:31 PM IST. Both the S&P 500 and Nasdaq had retreated from record highs on Monday in the wake of Trump's announcements. Analysts say the recent rally may have left markets vulnerable to a pullback. Trump issued letters to key trade partners, including Japan and South Korea, on Monday, threatening steep tariffs from 1 August unless new agreements are reached with Washington. However, he hinted at possible flexibility, telling reporters the deadline was 'firm, but not 100-percent firm.' The 1 August timeline itself marks a delay from an earlier White House target of 9 July. Art Hogan, chief market strategist at B Riley Wealth Management, said the market's response so far appeared more calculated than reactive. 'Investor reaction Monday was more mathematical than it was emotional,' he noted, pointing to a climate increasingly familiar with the president's unpredictable trade stances. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
RTHK
09-05-2025
- Business
- RTHK
Dow, S&P 500 edge lower ahead of US-China trade talks
Dow, S&P 500 edge lower ahead of US-China trade talks Wall Street traders are awaiting the outcome of the talks in Switzerland. Photo: AFP The Dow and S&P 500 edged lower on Friday following a low-key session as markets awaited weekend US-China trade talks. US President Donald Trump said an 80 percent tariff on China "seems right" in a post on social media. The world's two biggest economies have imposed triple-digit levies on each other in recent weeks. Representatives from the two countries are scheduled to meet in Switzerland this weekend. Analysts do not expect a breakthrough but are hoping for a de-escalation in the trade war. The Dow Jones finished down 0.3 percent at 41,249. The S&P 500 dipped 0.1 percent to 5,659, while the Nasdaq was flat at 17,928. Stocks avoided major swings on Friday on a day with no major economic releases. "If ever there was a wait-and-see Friday, this is it," said Art Hogan of B Riley Wealth Management. "It's all about our perceptions of how the trade war is going." Among individual companies, Lyft shot up more than 28 percent as it announced a new US$750 million share repurchase programme after reporting mixed earnings. But Expedia dropped 7.3 percent as it flagged "weaker than expected" travel demand in the United States, adding to worries about the company's outlook. (AFP)
Business Times
23-04-2025
- Business
- Business Times
US: Stocks rise again on more benign Trump tone on China
[NEW YORK] Wall Street stocks posted solid gains for a second straight session on Wednesday (Apr 23) as markets continued to cheer the Trump administration's more conciliatory tone on trade negotiations with China. Equities spent the entire day in positive territory as market watchers also pointed to Trump's statements that he had no plans to fire Federal Reserve chair Jerome Powell. The Dow Jones Industrial Average finished up 1.1 per cent at 39,606.57. The broad-based S&P 500 rose 1.7 per cent to 5,375.86, while the tech-rich Nasdaq Composite Index jumped 2.5 per cent to 16,708.05. A day after the International Monetary Fund lowered its global growth outlook the Federal Reserve's Beige Book of economic conditions said the economic outlook had 'worsened considerably' in several US districts due to uncertainty about tariffs. But markets are rallying on 'any headline that's less negative on trade', said Art Hogan of B Riley Wealth Management. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'We have moved into a slightly more positive position but we still don't know what the endgame will be on trade,' Hogan said. On Wednesday, Treasury Secretary Scott Bessent told reporters Washington is 'not yet' speaking with Beijing on tariffs, calling today's prohibitively high levies from both countries not 'sustainable'. Among individual companies, Boeing rose 6 per cent as it reported a smaller-than-expected loss while confirming 2025 targets to raise commercial plane production. Tesla shot up 5.4 per cent despite reporting weaker-than-expected earnings as CEO Elon Musk announced he would shift his attention back to the electric carmaker, reducing his time spent on Trump's so-called Department of Government Efficiency. Other large tech equities also pushed higher. Amazon rose 4.3 per cent, Facebook parent Meta won 4 per cent and Microsoft climbed 2.1 per cent. AFP
