Pre-Market Pulse 20th May – Wall Street Shrugs as US Debt Warnings Mount
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks climbed Friday, notching a big weekly gain, after shrugging off an unexpected dip in consumer sentiment as ongoing optimism about the recent U.S.-China trade continues to support sentiment. However, rating agency, Moodys removed the US AAA rating after the bell sending futures lower
The S&P 500 rose for a fourth consecutive session, gaining 0.41% to close at 5,916.93, as easing U.S.-China trade tensions and falling Treasury yields lifted market sentiment. The Dow Jones Industrial Average advanced 271.69 points (+0.65%) to 42,322.75, while the Nasdaq Composite edged down 0.18% to 19,112.32 despite strong tech performance earlier in the week.
Stock squeezed out a small gain, led by tech, a day after turning positive for the year amid ongoing optimism surrounding the U.S.-China trade deal.
Stock closed slightly higher overnight as data showing inflation slowed in April supported bullish sentiment on risk just days after the U.S.-China trade deal agreement.
Stock market investors rejoiced overnight with the major indices soaring 3%+ after the White House announced an easing of escalated tariffs and agreeing to a 90 day “truce”, easing fears of prolonged trade war.
Uncertainty around the global economy, trade wars, a stuttering Chinese economy, the US debt spiral, geopolitical noise (the list goes on) have sucked all the momentum we have had in the last 2 years & given investors good reason to take some money off the table. But what now?
In markets, the only certainty is eventually, there will be uncertainty, and Trump has certainly delivered in spades. Recent market fluctuations have left many investors scrambling for ways to protect their portfolios. If you’re feeling the heat, you’re not alone, but there are some practical ways to safeguard your portfolio
It’s been an incredible run in the US stock market, with the highest level of international investment in US stock in history, justified by outsized returns in the MAG7. But what happens when the “Trump Trade” becomes the “Trump Trap”? more importantly, what can you do about it?
Several stocks may potentially benefit from the recently announced US tariffs on imports from Canada, Mexico, and China. Here are some sectors and companies that could see positive impacts:
Equities closed lower overnight as an ongoing stumble in China’s economy raised fears about global growth as Treasury yields rose after stronger-than-expected consumer spending denting hopes that the Federal Reserve is finished raising rates.
Weakness in banks was offset by renewed demand for tech amid a surge in Nvidia ahead of a slew of incoming economic data set to provide further insight on the consumer.