What trade war? U.S. consumer remains resilient in the face of Trump’s tariffs

While U.S. many businesses are expressing increasing concern over the effects of tariffs on imports and exports imposed by the U.S. and China, the U.S. consumer doesn’t seem to be feeling the same pain, according to a Friday research note from Bank of America Merrill Lynch. “For the last several months, retail sales have been growing at a solid pace […]

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Dow, S&P end in record territory after Powell boosts expectations for Fed rate cut

The Dow and S&P settled at an all-time highs Thursday, after Federal Reserve Chairman Jerome Powell left investors feeling fairly confident about the odds of an interest rate cut later this month. Powell testifying Wednesday before the House Financial Services Committee and Thursday in front of the Senate Banking Committee gave investors more hope that a rate cut is coming. […]

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Nasdaq ends at a record as bets on a Fed rate cut in July climb; S&P 500 touches 3,000

The Nasdaq on Wednesday scored a record close, its first in about a week, and the broader market finished at or near all-time highs as investors raised their expectations for a decrease in benchmark interest rates at the end of the month. The Nasdaq Composite Index COMP, +0.75% closed up 0.8% at 8,202, notching its first record close since July […]

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Dow ends more than 350 points lower after Trump threatens tariffs on Mexico

Stocks ended sharply lower Friday after President Donald Trump threatened to place escalating tariffs on Mexican imports. The move amplified worries over economic growth tied partly to the escalation of the U.S.-China trade battle, which previously contributed to a May selloff in stocks that saw major indexes post their first monthly decline of 2019. The Dow Jones Industrial Average DJIA, […]

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Nvidia stock falls after earnings fail to change any minds

Nvidia Corp. can’t predict what will happen the rest of the year, and analysts on a whole disagree on what that means for the stock. After Nvidia reported an earnings beat Thursday afternoon but pointedly did not reiterate earlier annual guidance, analysts were split about what to do with that information Friday: Five dropped their price targets and seven increased […]

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Why the stock market is at the mercy of the U.S. consumer

The stock-market narrative over the last week centered on the escalating trade battle between the U.S. and China, but it’s the U.S. consumer that will steer the path ahead for equities. As corporate tax-cut stimulus fades and the market continues to digest higher interest rates imposed last year, persistent job growth and wage gains are key to sustaining the current […]

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Stock-market analyst who called 2018 rout says if earnings are weak, ‘I don’t think stocks are going to look through it’

Morgan Stanley’s chief equity strategist Michael Wilson says the Federal Reserve’s Wednesday decision underlined the central bank’s uber-dovish stance, which means corporate earnings are going to be paramount for stock-market investors. Speaking to CNBC on Thursday morning, the strategist said the Fed statement was “kind of the full capitulation” by the Federal Open Market Committee, after it left rates unchanged, […]

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Longtime market bull sees unsettling parallel between today and March 2000

Plenty of pundits have compared the trading action in today’s market to the bursting of the dot-com bubble, but the latest Wall Street type to make that connection isn’t your typical broken-clock bear. Here’s what longtime bull and Institutional Investor hall of famer Richard Bernstein had to say on CNBC this week about the state of the market. He ought […]

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Kudlow, brushing aside concerns over ‘fluky’ jobs report, sees 3% growth rate this year

White House National Economic Council Director Larry Kudlow on Friday dismissed the weak February jobs report as “silly” and “fluky” and said he still expects the economy to grow at a 3% annual rate this year. The economy created 20,000 jobs in February, the worst report since 2017. In an interview on CNBC, Kudlow said timing issues and winter seasonal […]

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