The stock market has been on a winning streak for six days — a welcome change from the downward slide in the days and weeks after “Liberation Day.”
While Wall Street is feeling more optimistic now than they were earlier this year, a lasting stock-market rally is far from guaranteed.
Pedro Goncalves writes:
Oil prices slipped as traders assessed the implications of diplomatic overtures on multiple fronts –including Russia-Ukraine peace talks and US-Iran nuclear negotiations – while a cautious outlook for China’s economy further dampened sentiment.
Brent crude futures (BZ=F) lost 0.7% to $65.11 a barrel,
The president of sell-side Wall Street firm Yardeni Research, Ed Yardeni, believes that the Federal Reserve will stay the course and hold interest rates at current levels.
In a new CNBC interview, Yardeni says he doesn’t anticipate any monetary policy easing, citing a resilient US economy fueled by robust household spending and strong capital investments from tech companies.
The short-term outlook for the U.S. economy worsened significantly in April, according to the Conference Board’s latest Leading Economic Index (LEI).
On Monday, the D.C.-based research said that the index—a closely monitored composite of several economic indicators—had fallen by 1.0 percent to 99.4 in April, registering the fifth consecutive monthly decline and the steepest drop since March 2023.
» Read more about: US Economic Outlook Darkens as Major Forecast Records Steep Drop »
The number of new single-family homes in the U.S. on which construction has commenced dropped by 12 percent in April compared to a year ago, according to new data from the National Association of Home Builders (NAHB).
The decrease was a result of economic uncertainty over the potential impact of President Donald Trump‘s tariffs,
» Read more about: US Housing Market Already Being Hit By Trump Tariffs »
To say that early 2025 has been difficult for Tesla (NASDAQ: TSLA) stockholders would be an understatement. Company profits and sales figures are way down, and many attribute this to the growing unpopularity of CEO Elon Musk. Despite that, Morgan Stanley analysts are bullish about the company’s long-term outlook.
» Read more about: Why Morgan Stanley Remains Bullish On Tesla »
It also imposes new sanctions, targeting illegal Israeli settlements in the occupied West Bank.
The British government says it will suspend new free trade negotiations with Israel due to its military conduct in the war on Gaza, where hundreds of Palestinians have been killed in recent days under bombardment and as a new ground offensive has been launched.
» Read more about: UK government suspends free trade talks with Israel over Gaza war »
Asia Index, a wholly owned subsidiary of BSE, has announced the launch of four new BSE Factor Indices derived from the BSE 500 Index universe—Value, Low Volatility, Quality, and Momentum—along with the introduction of quarterly reconstitution for these indices.
Ashutosh Singh, MD and CEO of Asia Index, highlighted the importance of this development,
BEIJING: China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid seesaw trade tensions with the United States.
Beijing and Washington have been locked in a bruising trade war but last week agreed to slash sweeping tariffs on each other’s goods for 90 days.
» Read more about: China's central bank cuts two key rates to historic lows as trade war simmers »
Top losers on Dow Jones in today’s session are:
| Stock | Price ($) | Change (%) |
|---|---|---|
| Nvidia | 133.64 | -1.32% |
| Amazon | 204.27 | -0.83% |
| American Express | 296.71 | -0.76% |
| Goldman Sachs | 608.52 | -0.50% |
| Microsoft | 456.00 | -0.50% |