Trump, Wall Street and tariffs
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Dow Futures mixed ahead of wholesale inflation data
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InvestorsHub on MSNDow Jones, S&P, Nasdaq: Trump Denial on Powell Dismissal and TSMC Earnings Boost Market Mood; Futures SteadyU.S. stock futures hovered near flatline Thursday following a choppy prior session marked by sharp reactions to speculation about Federal Reserve Chair Jerome Powell’s job security. President Donald Trump later calmed nerves by denying any immediate intent to remove Powell,
Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
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Goldman Sachs's trading revenue for the second quarter was worth $4.3 billion, $600 million higher than expectations.
Brighthouse Financial shares gained after The Wall Street Journal reported that it is in exclusive talks to be acquired by the investment firm Aquarian. The stock climbed 10% to $52.25 in after-hours trading Tuesday. At the close shares were down about 2% this year.
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Trump said that about “10 or 12” tariff letters would go out Friday, with additional letters coming “over the next few days.”
It seems like megacap technology stocks are throwing a party on Wall Street on Tuesday as investors cheered Nvidia's return to the Chinese AI market, but the rest of the market is sitting this one out.
US stock market rises as Dow Jones Industrial Average rose slightly on Wednesday, gaining 88 points (0.3%) as investors reacted to better-than-expected bank earnings from Goldman Sachs, Morgan Stanley,