Wall Street looks for direction
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The strong close to a whiplash-inducing week comes after a few more twists in the ongoing U.S.-China tariff battle, with White House Press Secretary Karoline Leavitt saying the Trump Administration w...
From TheWrap
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that ...
From Reuters
"The worst-case scenario on trade has been avoided but it's not all as fine and dandy as we'd like it to be," said Michael Brown, senior research strategist at Pepperstone.
From Reuters
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Stocks closed higher after the White House voiced optimism in striking a trade deal with China, but stiff economic headwinds remain.
Trump says the US is "doing really well on our tariff policy", following fluctuations in global stock markets.
President Xi Jinping said China and the EU must join to oppose "unilateral acts of bullying." Wall Street ended the week higher, but the dollar and Treasuries highlight concerns about the U.S.
“Our sense is clients are way too optimistic about reaching deals with our trading partners,” Laperriere said. “We’re likely to get whipsawed by good news and bad news and uncertainty is likely to stay extremely elevated. Some tariffs will go up and some will go down. But as of this morning, we are at Smoot-Hawley levels. This is far from over.”
1don MSN
Financial planners and wealth advisers are urging their clients with 401 (k) accounts to remain calm despite their anxiety over market volatility triggered by President Trump’s on-again-off-again tariffs, The Post has learned.
Wall Street's main indexes dipped in choppy trading on Friday after China increased its tariffs on U.S. imports, escalating a trade war that has hammered global markets in recent weeks, while investors assessed results from big Wall Street banks.
"We believe the whole trajectory of earnings for TSLA remains too high and could face negative revisions post 1Q25 results," UBS analysts said.
In a massive U-turn, President Donald Trump let most countries off the hook from the large tariffs he announced last week, instead zeroing in on an escalating battle with China.
A strong relief rally across Asian and European stocks on Tuesday fizzled out in U.S. trading, and Wall Street closed sharply lower after President Donald Trump doubled down on his pledge to slap eye-watering tariffs on imports from China.