Wall Street opens the week on a quiet note, with major indexes steady as investors await potential trade breakthroughs during high-level U.S.-China talks in London.
This week, key economic data will be released, including the Bureau of Labor Statistics’ May consumer and producer price inflation reports, the weekly jobless claims, and the University of Michigan’s preliminary consumer sentiment index for June.
New figures from U.S. equity markets indicate a troubling trend, as foreign investors pull back amid mounting uncertainties and persistent volatility over the past two months.
Wall Street surged into rally mode during the final trading session of the week as better-than-expected jobs data helped ease fears of an economic slowdown.
Tesla’s shares led gains among the Magnificent 7 stocks following a steep sell-off on Thursday amid CEO Elon Musk’s public clash with President Donald Trump.
Major cryptocurrencies declined sharply on Friday, with the total crypto market cap falling 3.77% to $3.18 trillion. Bitcoin (CRYPTO: BTC) maintained a 63.7% dominance, while Ethereum (
Trump and Warren both argue that the debt ceiling is too dangerous to leave as a political bargaining chip, as delays and confrontations over its increase can threaten economic stability.
Wall Street's two-day rally lost momentum Wednesday as investors reassessed the economic outlook after weak job numbers and a surprise contraction in the U.S. services sector cast fresh doubt over the strength of the economy.
Among the key catalysts for the day is ADP’s private payrolls report for May, which is expected to show job gains of 110,000 compared to 62,000 in April.
The report said the size of the cuts at the film and TV businesses were comparable, and most of the eliminated television staffers are based in Los Angeles.
After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor appetite for risk assets.
Bank of America pointed to Boeing’s recent international deals, including agreements in the U.K., Qatar, the U.A.E., and China, as evidence that the company is playing a central role in global trade diplomacy.
A strong May for U.S. equities is closing on a sour note, after President Donald Trump accused China of "totally" breaching a tariff agreement, raising new fears over trade disputes.
