Skip to main content

Featured

Republicans Break Ranks as House Moves to Roll Back Trump-Era Tariffs on Canada

An officer patrols the grounds of the U.S. Capitol on Feb. 6, 2026. The House of Representatives voted Wednesday on a resolution to nullify the basis of President Donald Trump's tariffs against Canadian goods. In a rare departure from party unity, the U.S. House of Representatives voted to roll back portions of former President Donald Trump’s tariffs on Canadian goods. The bipartisan measure reflects growing concern among lawmakers—particularly Republicans from agricultural and manufacturing districts—about the economic strain these duties have placed on U.S. businesses. The vote signals a notable shift within the GOP, where skepticism toward tariffs has been rising as industries report higher costs and disrupted supply chains. Supporters of the rollback argue that easing tensions with Canada, one of America’s closest trading partners, will help stabilize cross‑border commerce and reduce pressure on domestic producers. Opponents, however, maintain that the tariffs were originall...
Post a Comment
Read more

article

Labels

Stock Market Update: Mixed Finish as Yields Rise in Q2 2024


The stock market kicked off the second quarter of 2024 with a mixed performance, as US treasury yields climbed. Here are the key highlights:

  1. S&P 500 ( ^GSPC): The S&P 500 index closed down 0.2%, reflecting the cautious sentiment among investors.

  2. Dow Jones Industrial Average ( ^DJI): The Dow Jones fell 0.6%, adding to the uncertainty in the market.

  3. Nasdaq Composite ( ^IXIC): The tech-heavy Nasdaq Composite managed to close slightly higher, although it retreated from its earlier session highs.

  4. Bond Yields: The benchmark 10-year Treasury yield (^TNX) rose by 12 basis points to 4.32%, approaching its highest level of the year. This surge in yields raised questions about the economy’s acceleration and its potential impact on the Federal Reserve’s interest rate decisions.

  5. Manufacturing Sector Expansion: Data released on Monday revealed that the US manufacturing sector is in its strongest position since 2022. The Institute for Supply Management’s manufacturing PMI indicated expansion for the first time since September 2022. Additionally, S&P Global reported that production hit a 22-month high last month, signaling continued economic strength.

  6. First Quarter Performance: Equities have started 2024 on a positive note. The S&P 500 has set 22 fresh closing records so far this year, marking its best first quarter since 2019. All three major averages have risen for five consecutive months.

  7. Upcoming Jobs Report: The highlight of the first week of Q2 is Friday’s jobs report, which will provide further insights into the economy’s health and serve as a crucial signal for the Federal Reserve.

In summary, while mixed market performance persists, investors remain watchful of economic indicators and central bank actions. Stay tuned for further updates as the quarter unfolds.


Labels:

Comments

Post a Comment