Trump, Tariff and stock market
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Analysts expect profits from companies in the S&P 500 to climb 4.8% in the second quarter, according to FactSet. That would mark the lowest year-over-year growth since 2023, and a steep drop from the 13% jump during the first three months of this year.
Late Thursday, Trump posted a letter threatening to impose 35% tariffs on goods from Canada. The barrage of letters began on Monday, setting tariffs of 25% on goods from Japan and South Korea and 50% on Brazil.
Here are five key things investors need to know to start the trading day: 1. Slipping into the weekend. Stock futures on Friday pointed to a lower open on Wall Street as investors
Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news
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Investor's Business Daily on MSNStock Market Today: Dow Falls 300 Points On Trump Tariff News; Drone Makers Are Surging, Here's Why (Live Coverage)S mall caps and blue chips lagged a generally down market Friday as the Russell 2000 and Dow Jones Industrial Average were responsible for most of the selling. Meanwhile the Nasdaq and S&P 500 tried to limit losses as Nvidia NVDA and Palantir PLTR continued to attract buyers on the stock market today.
President Donald Trump's latest tariff threats were adding pressure to global stocks on Friday. Shares of the popular Global X DAX Germany exchange-traded fund were down 1.2% on Friday, while heading for a 2% two-day slump.
Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
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Investor's Business Daily on MSNDow Jones Futures: Stocks Hold Up, But Growth Ails; Trump Sets 30% EU, Mexico TariffsDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, part of his renewed tariff hike push.