Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar.
President Trump announced Thursday that the US would halve its fentanyl-related tariffs on Chinese goods as part of a reset in relations that includes China stepping back from its promise to restrict rare earth mineral exports for a year.
US stocks traded mostly higher on Wednesday after another record-setting session on Wall Street as investors braced for the Federal Reserve’s policy decision to help set odds for future interest-rate cuts. S&P 500 futures rose 0.3%, while those on the tech-heavy Nasdaq 100 gained roughly 0.6%.
A key anchor for the market was softer-than-expected inflation data, which reduced fears of aggressive rate hikes and bolstered expectations that the Fed could begin easing policy.
US stock futures regrouped on Tuesday on the heels of notching fresh records, as investors assessed President Trump's trade moves in Japan as they waited for this week's wave of potentially market-moving events.
US stock futures made gains Friday morning as investors looked ahead to a crucial inflation report that could shape expectations for the Federal Reserve’s next policy moves.
US stock futures fluctuated on Thursday as oil prices surged and Wall Street parsed the latest batch of quarterly results from closely watched companies, including Tesla (TSLA) and IBM (IBM).
Netflix (NFLX) reported earnings that missed analyst expectations on both revenue and profit, sending shares over 6% lower in premarket trading on Wednesday.
Tech, especially semiconductor and AI-related stocks, were a strong driver. For example, Broadcom surged nearly 10 % after an AI-processor deal with OpenAI.
US stocks marked time before the bell on Tuesday as Wall Street geared up for the next wave of corporate results, with General Motors and Netflix (NFLX) highlighting the docket.