Wall Street, stocks
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NBC News |
Stocks climbed Friday as Wall Street wrapped up a historically wild week.
Reuters |
Investors punished U.S. assets in the wake of Trump's tariffs, with the dollar plunging against other major currencies and benchmark U.S. Treasury yields, which move opposite to bond prices, surging.
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Wall Street, bond
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The New York Times |
Wall Street billionaires are not used to being on the outside looking in.
Reuters |
According to Goldman, hedge funds bought U.S. equities at the largest notional value in more than a decade on Wednesday, due to short covering in macro products.
NPR |
Prior to that U-turn, the policies had caused significant upheaval and wiped trillions of dollars of value from global stock markets.
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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.
Wall Street traders and investors have been sent to the brink over the past week by President Donald Trump's tariff policy, scrambling to figure out strategies and calming clients as trillions were wiped off stock market values.
1don MSN
Some of Wall Street's brightest minds have been sounding off about President Donald Trump's tariffs.
2don MSN
U.S. stocks soared to one of their best days in history after President Trump said he would back off on most of his tariffs temporarily.
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With markets crashing after U.S. President Donald Trump announced his latest tariffs, Citigroup’s banking head Viswas Raghavan called a global meeting of senior bankers on Monday and told them to get on the phone with their clients.
"We believe the whole trajectory of earnings for TSLA remains too high and could face negative revisions post 1Q25 results," UBS analysts said.
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.
Wall Street's major averages look for direction on Friday, as the U.S.-China trade war seemed to heat up, with China further retaliating against President Donald Trump's tariffs. Early on and the S&P 500 (SP500) was near even,