Wall Street rallies as trade optimism and easing geopolitical risks boost stocks. Nike soars 18% on earnings, oil plunges and the dollar hits multi-year lows.
Beyond inflation, the Bureau of Economic Analysis’ report showed signs of consumer fatigue with personal spending falling 0.1% and personal income dipping 0.4% in May.
EU Council President Antonio Costa said the increase in defense budgets across NATO allies will likely include an uptick in purchases from American defense manufacturers, helping rebalance transatlantic trade.
Wall Street entered full rally mode on Thursday, with the Nasdaq 100 extending its record-setting climb and the S&P 500 approaching its February peak, as easing geopolitical fears and renewed hopes for a dovish Federal Reserve lifted investor sentiment.
Iran’s Supreme Leader Ayatollah Ali Khamenei accused U.S. President Donald Trump of overstating the impact of American airstrikes on three Iranian nuclear sites over the weekend.
Micron Technology’s artificial intelligence-powered third-quarter outperformance could be a welcome relief to traders who are left to contend with macro and geopolitical challenges.
Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
An unexpected drop in a key consumer confidence reading proved positive, as it raised rate cut odds, vindicating the stance of a couple of central bank officials, who have begun calling for a July rate cut.
U.S. President Donald Trump claimed that the passing of the One Big Beautiful Bill Act heralds the coming of a “Golden Age” for the U.S., which includes “unprecedented Safety, Security, and Prosperity.”
The attacks were reportedly carried out less than an hour after President Donald Trump posted on Truth Social, assuring that all Israeli planes would turn around while making a friendly ‘Plane Wave’ gesture toward Iran.
U.S. President Donald Trump’s warning comes after Israeli Defence Minister Israel Katz announced that he had ordered retaliatory strikes on Tehran after Iran continued bombing after a ceasefire was declared.
President Donald Trump said in a Truth Social post, “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE” in about six hours from the time of his posting (6:02 p.m. ET), lasting through 12 hours.
Wall Street resilient as Iran fires missiles at U.S. bases in Qatar and Iraq, defying expectations in energy market. U.S. equities and gold up, bonds down.
Qatar announced the temporary closure of its airspace just before the explosions were heard in Doha, following retaliation threats from Iran to the U.S.
Federal Reserve Governor Michelle Bowman’s comments echo those of Federal Reserve Governor Christopher Waller, who said last week that inflation is no longer a primary economic concern for the central bank.
Among the Main Street catalysts traders look forward to in the new week are S&P’s flash private sector activity readings for June, the personal income and spending report for May, two June consumer confidence readings, and the weekly jobless claims data.
Speaking at the White House, Trump said Powell, whom he appointed during his first presidential term, had performed poorly and jokingly mused about taking over the Fed himself.
Foreign developers poured $44.6 million into Trump-branded projects in 2024, sharply higher than previous years, as the Trump family resumes global real estate expansion.
