Latest news with #markets
Yahoo
26 minutes ago
- Business
- Yahoo
S&P 500, Nasdaq futures slip on rate, tariff concerns
(Reuters) -Futures tracking the S&P 500 and the Nasdaq fell on Wednesday as signs that U.S. tariff policies were clouding corporate outlooks and spurring inflation weighed on record-high markets. U.S. semiconductor equipment makers were down after ASML warned it may not achieve growth in 2026 because of U.S. tariff uncertainty. Applied Materials and Lam Research fell 3% each. KLA Corp was down 2.8%, while Teradyne lost 1%. Earnings from Goldman Sachs, Morgan Stanley and Bank of America will be in focus. On Tuesday, JPMorgan Chase and Citigroup posted better-than-expected results but remained cautious about U.S. tariff policies. At 5:30 a.m. ET, Dow E-minis were down 6 points, or 0.01%, U.S. S&P 500 E-minis were down 8.5 points, or 0.14%, and Nasdaq 100 E-minis were down 73 points, or 0.32%. The cautious mood in the markets followed Tuesday's inflation report, which pointed to rising prices fueled by President Donald Trump's tariffs and dimmed hopes for deeper rate cuts from the Federal Reserve. Money markets pricing show traders are betting on just 43 basis points of Fed easing by year-end, with a July rate cut off the table and the odds of a September move now a coin-flip. Investors will keep a close watch on producer prices data scheduled for release at 8:30 a.m. ET, searching for signs of rising costs at the factory gate. Trade tensions also remained in focus after Trump announced a 19% tariff on Indonesian goods as part of a new deal, one of several rushed agreements ahead of an August 1 deadline for broader tariff hikes. Meanwhile, the European Union was preparing retaliatory measures should talks with Washington falter. Still, investors have shown resilience in recent weeks. The tech-heavy Nasdaq closed at a record high on Tuesday, powered by a jump in Nvidia's shares after the chip designer announced plans to resume sales of its H20 AI chips to China. The stock, however, eased 0.8% in premarket trading. Global Payments rose 6.7% after the Financial Times reported that activist hedge fund Elliott Management built a significant stake in the payments technology firm. Sign in to access your portfolio
Yahoo
26 minutes ago
- Business
- Yahoo
Why investor sentiment is so bullish despite uncertainty
Markets (^GSPC, ^IXIC, ^DJI) have rallied despite tariff uncertainty and recession fears. Jeff Krumpelman, chief investment strategist and head of equities at Mariner Wealth Advisors, joins Morning Brief to explain why investor confidence has held steady and why he thinks the fundamentals still look solid. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Where is all of this positive sentiment coming from, right? Given that there are things that in normal circumstances might give investors pause including uncertainty on the tariffs and sort of the economic environment more broadly. What do you think's going on? So well it began certainly after the tariff, you know, timeout, which made a lot of sense because it looked like the tariff rates were going to be just, you know, very difficult, very high rates, could could really slow things down from an economic standpoint. Maybe lead to inflation and after the time out, um a lot of that um kind of pressure has been relieved. And success breeds, you know, confidence. So the market rallied on that, feeling like, hey, the economy continue to grow, it won't be as inflationary and maybe we'll figure this out. And uh, so the market has just surged since then and that's made people feel far more comfortable about where things are. We've maintained confidence quite frankly. So many of our peers, they reduced price targets, they dramatically increased odds of recession and we just thought that was premature, the data looked pretty good throughout. So this was a confidence psychology PE cycle. The data and earnings pretty much, you know, remained intact. Multiples just went all over the map because of this confidence that you're talking about. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
8 hours ago
- Business
- Bloomberg
India's Volatility Index Dips on Easing Tariff Concerns, Rate Cut Hopes
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local traders are set to start the day on the backfoot following the selloff on Wall Street and a choppy trend in regional markets. Till India's trade deal with the US is sealed, big moves could likely be limited to companies announcing quarterly numbers. Tech Mahindra 's results later in the day will be closely watched after underwhelming numbers from TCS and HCL Technologies have further soured the outlook for the IT sector.
Yahoo
9 hours ago
- Business
- Yahoo
Equity Markets Rise Intraday as Investors Track Tariff Updates
US benchmark equity indexes were higher after midday Monday as markets tracked updates on trade deve Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Business
- Yahoo
3 reasons investors are moving on from the trade war
Global investors just aren't that worried about Trump's trade war anymore. Fund managers were the most bullish in July since Trump first went into office, according to a BofA survey. That's due to factors like falling expectations for a recession and optimism for AI. President Donald Trump's trade war is starting to feel like old news for markets. Bank of America's monthly global fund manager survey, published on Tuesday, showed that investors have largely moved past the fear of tariffs and are feeling good about the stock market again. A sentiment reading of fund managers surveyed from July 3 to July 10 rose to 4.3 from 3.3 in the last month, the most positive investors have felt about the market since February, early in Trump's new term and months before the worst of the tariff volatility rocked markets. That boost in sentiment comes even as Trump's latest volley of tariff threats reignites uncertainty around the trade war. More than half—53%—of fund managers said they believed the final tariff rate the US would impose on the rest of the world would hover around 15%, up from the 10% rate investors expected in June. And yet, most investors aren't too worried about the prospect of higher tariff rates. Here's what they're thinking about instead. Investors aren't worried about a global recession. The percentage of investors who believed a global recession is likely in the next year dropped to its lowest level in five months, according to BofA's survey. The percentage of investors who believed a global recession was unlikely also grew to 59%. Meanwhile, 65% of fund managers said they believed the most likely outcome for the world economy was a soft landing, a slight economic slowdown that avoids an outright recession. Twenty-one percent of investors said they believed the most likely outcome was a "no-landing," a situation in which inflation comes down and the economy continues on a path of uninterrupted growth. Investors are also feeling pretty good about the picture for corporate earnings growth. Forty-two percent of fund managers in the BofA survey said they believe earnings-per-share would surprise to the upside for the second quarter, compared to 19% of investors who said they believed earnings would likely surprise to the downside. The outlook for earnings has brightened in recent weeks. Morgan Stanley's gauge for earnings revisions breadth has climbed from -25% in mid-April to 3%, analysts at the bank wrote in a note on Monday. "The vibe right now is: underpromise and overdeliver," Hardika Singh, an economist strategist at FundStrat, wrote in a note on Tuesday. "And given that there is now more clarity on what's happening with tariffs, it's not an unrealistic scenario," she said of earnings beats. The hype for artificial intelligence is still strong — and some investors think the economy is already starting to reap the benefits. Forty-two percent of fund managers said they believed productivity was already rising from AI use, while 21% said they believed productivity would rise as soon as next year. Meanwhile, the Roundhill Magnificent Seven ETF, which tracks the seven mega-cap tech firms, has rallied nearly 40% from its low on April 8. "The market has become numb to the administration's moves and is instead focusing on AI, tech and corporate America's ability to adapt and be nimble," Skyler Weinand, the chief investment officer at Regan Capital, wrote in a note on Tuesday. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
