Stock market today: Dow, S&P 500, Nasdaq mixed as US-China trade tensions flare up again
In May, economic activity in the US manufacturing sector contracted further.
The Institute for Supply Management’s (ISM) manufacturing PMI registered a reading of 48.5 in May, up from April’s reading of 48.7. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction.
Read MoreFMCG penny stock jumps 6% despite stock market crash; here’s why
Sarveshwar Foods share price jumped over 6% on Monday after the company reported its Q4 results. The penny stock spiked as much as 6.32% to ₹7.56 apiece on the BSE. The gains in Sarveshwar Foods shares came despite broader weakness in Indian stock market today.
FMCG company Sarveshwar Foods reported its financial results for the fourth quarter of FY25 and full financial year 2024-2025 on Saturday,
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Read MoreTrump and Xi to talk China trade war after US president rages over rare-earths restriction
WASHINGTON — President Trump plans to speak by phone with Chinese President Xi Jinping sometime this week after tensions flared up over Beijing’s continued export restrictions on rare-earth elements used for batteries, industrial magnets and high-tech equipment.
Trump, who vented about the status of a preliminary tariff-reducing pact on Friday,
Read MoreUS manufacturing remains subdued in May; delivery times lengthening
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs,
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Read MoreTesla Stock, Fund With SpaceX Exposure Rebound
Shortly after the market opened, Tesla stock rose 5.4% to $300.09.
The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday, wiping out more than $150 billion in market value. It was the largest one-day value loss in Tesla’s history.
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Read MoreThe Burst
“I Will Be STUNNED If We Don’t Have A Recession”
Some financial commentators deserve your attention more than others. As CNBC and Bloomberg need to trot out wealth advisors and research analysts every hour to fill up air time, it’s hard to separate the wheat from the chaff. Stanley Druckenmiller is one of the rare voices worth listening to every time he speaks. And what he said is nothing short of frightening for the average investor.
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Read MoreThe Ivy
Market Commentary: How To Make $1,000,000 In 24 Hours
Do insiders know stuff that the public doesn’t and trade on it? To help you draw your own conclusions, we’ll share a story of how one trader turned $230,000 into over $1,000,000 in about 24 hours.
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