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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Stocks rise as 2023 trading wraps up


The stock market has seen a year-end rally, with hopes of a soft landing strengthening and more optimistic reads on 2024 taking hold.

The Dow Jones Industrial Average edged just over the flatline on Tuesday morning, while the benchmark S&P 500 gained 0.1% and the tech-heavy Nasdaq Composite advanced 0.3%. All three major indexes are up by double digits for the year, with the Nasdaq leading the way, boasting year-to-date gains of more than 40%.

In corporate news, shares of Intel rose 2% to kick off the day after the company confirmed it secured more than $3 billion in incentives from the Israeli government to expand to wafer fabrication in the country.


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