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It’s been another positive day for US stocks with the Dow up 0.78%, the S&P 500 0.70% higher and the Nasdaq some 0.52% up, despite a weaker-than-expected consumer sentiment number from the University of Michigan coming in at the second lowest result ever!
With US President Donald Trump now playing Mr Nice Guy on the tariffs front, global stock markets are lapping it up.
The Trump U-turns on tariffs have been a great fillip for stocks. Reasonable trade deals are now what’s needed to keep this momentum going.
Yes, stock markets have lapped up the Trump U-turns on tariffs! We can only hope that the US President and his team of yes men and women have learnt this lesson
It’s a good sign that Wall Street was able to finish on a positive note, with all four most-watched indexes (i.e. the Dow, S&P 500, Nasdaq and Russell 2000) all ending up over 1%
It’s a good sign that Wall Street was able to finish on a positive note, with all four most-watched indexes (i.e. the Dow, S&P 500, Nasdaq and Russell 2000) all ending up over 1%
We’re in the throes of one of the greatest policy mistakes in modern economic history.
Overnight, Wall Street escalated its anxiety about next week’s Trump tariff revelations.
The only other time I might have suggested that a US President was the main market mover was when Donald Trump had his first stint as chief decision maker in the White House.
It’s been a good end to a week from stock market hell, and we all know who we’d cast in the role of devil!
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