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The stock market is closed on Friday, April 18 in honor of Good Friday. This doesn’t prevent investors from fixating on the short term — say, the next three to six months. The goal is to trade in and out of positions to boost returns. Overactive trading, however, can seriously hurt your portfolio’s performance.
Major US stocks see biggest losses since 2020 after Trump’s tariffs announcement
Citi sees gold prices rallying to $3,500 over the next three months as investment demand outstrips supply from mining. The president ramped up pressure on Fed Chair Jerome Powell on Monday, calling him a “major loser” and demanding that the central bank lower interest rates now. In a Monday note, Telsey Advisory Group CEO and chief research officer Dana Telsey shared a list of current market must-haves. Stocks fell again on Monday as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, raising questions about the central bank’s independence, while traders received few signs of progress on global trade talks. Wall Street this week will also digest a slate of first-quarter earnings results. Investors will likely be attuned to chief executives’ guidance and forecasts for the year amid heightened tariff uncertainty.
WayDay starts next week, but these early deals are already live
The diatribe came as the European Central Bank cut its benchmark interest rate and after Powell spoke last week of the potential economic consequences of Trump’s tariff agenda. The sell-off on Monday was widespread, as nearly every company in the Dow and the S&P 500 closed lower. All three major indexes are coming off of a week in the red and are on pace for their worst month since 2022. Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies.
- Parker listed several reasons for this viewpoint, such as lower near-term U.S. population and economic growth, less potential innovation in U.S. universities, more monetary policy accommodation in Europe.
- However, stocks took off afterward and ended the year with positive gains.
- On the other hand, department stores, luxury firms and home-related retailers made up the have-nots.
- “One of the things that is becoming very clear is the underlying tension between the Fed and the administration,” said Michael Green, chief strategist of Simplify Asset Management.
- The latest drop for the greenback comes after Friday’s criticism of Federal Reserve Chair Jerome Powell from President Donald Trump.
It said Ackman’s investment could give Hertz a chance to raise capital. Hertz has been a troubled company for much of the past decade, facing bankruptcy during the Covid-19 pandemic in 2020. Following its emergence from Chapter 11 bankruptcy protection in 2021, the company bet heavy on all-electric vehicles, specifically Teslas, which cost the company billions following a significant decline in their residual values. Tesla (TSLA), which slumped 5.75% on Monday, is scheduled to report earnings after the bell on Tuesday.
JPMorgan Chase is an advertising partner of Motley Fool Money. Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase.
Gold surges to a record above $3,400
This follows another post last week in which Trump also called for the Fed to lower rates, even hinting at Powell’s “termination” — something White House economic advisor Kevin Hassett said the president’s team was studying. “Tariffs will remain top of mind over the coming few months, yet investors are likely to refocus their short-term attention on the Q earnings reporting period,” said CFRA Research’s Stovall in a Monday note. “Powell reiterated that the Fed is likely to remain in wait-and-see mode as it assesses the effect of tariffs on the economy,” analysts at Morgan Stanley said in a Monday note.
On the other hand, the longer uncertainty lingers, the higher the probability we could see another market decline of 10% or more this year. Whether or not this happens and, if so, if the declines occur rapidly enough to be classified as a crash, remains to be seen. The Dow plummeted almost 22% — the largest single-day decline in the index’s history. Stocks didn’t crash again this time, but it took nearly two years for the Dow to recover.
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Investor confidence was also dented by a lack of progress on global trade. If anything, tensions seemed to increase with China with the country warning other nations not to strike any deal with the U.S. that would hurt Beijing. Director of the National Economic Council Kevin Hassett on Friday told reporters that the Trump administration “will continue to study” the possibility of removing Powell. Hassett said he wants to look into “new legal analysis” before determining whether Trump can or should terminate Powell — a break dowmarkets from his previous comments stressing the Fed’s independence.
Lion’s share of S&P 500 stocks slide amid sell-off
The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Although all three indices remain in correction, they have rebounded somewhat. However, many investors are likely wondering if this is only a temporary reprieve. Here’s the full rundown on how the holiday weekend will affect U.S. stock exchanges, the bond market and banks. With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com.
- The ICE U.S. Dollar Index fell as low as 97.92 on Monday, its lowest level since March 2022.
- Despite the broad decline, a small group was able to buck the downtrend.
- If not, there will undoubtedly be extreme levels of volatility that will be hard to stomach at times, which will test your willpower.
- However, adopting this strategy can reduce risk, ensure you have exposure to a wide range of industries and end markets, and make the journey a lot easier to handle.
- Keeping focused on the long term is the right course of action, though it can seem like an impossible task these days.
- Her channel checks suggest “solid” onboard spending trends and close-in pricing, which is closer to sailing dates, that is healthy.
Keith Speights has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Now, it’s worth noting Stock Advisor’s total average return is 792% — a market-crushing outperformance compared to 153% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor. Stock futures traded lower on Sunday evening following another losing week on Wall Street. Earlier this month, Tesla reported that its vehicle deliveries for the first quarter dropped 13% compared to a year ago.
Zaccarelli notes that the “uncertainty over tariff policy may be causing even more damage than any policies” that the Trump administration may eventually implement. Ahead of the opening bell, the Census Bureau said that retail sales rose 1.4% month over month in March – a notable jump from February’s 0.2% increase and the biggest monthly gain since January 2023. Fed Chair Powell warned of a slowing economy and higher inflation but said the central bank isn’t ready to cut rates just yet. The firm upgraded the Disney to outperform from peer perform on Monday, alongside a $112 per share price target. Wolfe’s forecast calls for about 32% upside moving forward. Disney’s current stock price could be an attractive entry point for investors, given that shares are unnecessarily “priced like the sky is falling,” according to Wolfe Research.
“We are effectively in a replay of COVID. The uncertainty has meaningfully disrupted trade … I think most people anticipate that there will be some form of stimulus that ultimately emerges to offset the effects of the tariff.” The yield on the 10-year Treasury rose above 4.4% on Monday, up from Thursday. US trading was closed Friday in observance of Good Friday. The market on Monday was reacting negatively to Trump’s pressure on Fed Chair Powell and the lack of a trade deal announcement after the Trump administration met with officials from Japan last week, Stovall said. While many experts say the president does not in fact have the power to fire the Fed chief due to policy differences, Trump has made clear he’s willing to break with norms and precedent, even in the face of potentially monumental repercussions.
The Fed’s board of governors is scheduled to meet the first week of May to determine its next decision on its benchmark interest rate. About 88% of traders expect the Fed to hold rates steady, according to the CME FedWatch tool. The three major indexes slumped throughout the day before pulling back slightly in the afternoon. Please bear with us as we address this and restore your personalised lists. Stocks hit session lows on Wednesday afternoon as Powell said during a speech in Chicago that the central bank will “wait for greater clarity” before considering any interest rate adjustments.