While the Dow Jones futures rose 2% on Tuesday morning, the S&P 500 and the Nasdaq Composite were up over 1%. Futures of the Russell 2000 index were up nearly 2%, indicating a potential rebound in small-cap stocks.
Summers told CNN that the Trump administration doesn’t have a coherent message about why it's imposing the largest tax increase the country has had in 50 years.
Munster said tariffs don’t change the reality that the race to general intelligence is the most significant tech, economic and geopolitical shift in 25 years.
According to TheFly, JPMorgan stated that the hefty 20% tariff imposed on the European Union "represents the most significant incremental shock to the global outlook."
Asian markets closed mostly lower on Thursday, led by Japan’s Nikkei 225 Index, which plunged 2.77% before settling at an eight-month low, while European stocks started sharply lower.
The S&P 500 and NASDAQ indexes rally attempt were both rejected at their respective 200 day moving averages after President Trump announce 25% auto tariffs.
Rather than picking individual tech stocks in a volatile market, technology ETFs provide diversified exposure while balancing growth potential and risk.
Core personal consumption expenditures, excluding food and energy, rose 0.4% in February compared to the preceding month and versus an estimate of 0.3%.
Morgan Stanley expects the core monthly PCE rate to be 0.35%, rounding off to 0.4%, nudged higher by strong goods inflation and an acceleration in core services prices, excluding housing.
Recession is the word that's been making headlines as recent economic reports and especially the Atlanta Fed is stoking fears with its GDPNow real-time forecast
