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Greens Stun Labour in Historic Gorton & Denton Upset

  The Green Party's Hannah Spencer joyous after the results of the Gorton and Denton by-election were announced Prime Minister Keir Starmer has been dealt a significant political setback after the Green Party captured Gorton and Denton, a Greater Manchester seat Labour had held for nearly a century. The by‑election result pushed Labour into third place, behind both the Greens and Reform UK, highlighting growing fractures in Britain’s traditional two‑party landscape. Green candidate Hannah Spencer secured the victory with a commanding share of the vote, marking the party’s first parliamentary by‑election win in northern England. Reform UK finished second, while Labour’s unusually weak performance intensified pressure on Starmer amid ongoing political turbulence and calls for stronger leadership.  The loss of such a long‑standing Labour stronghold underscores shifting voter sentiment and raises questions about the party’s ability to maintain its traditional base. Analysts have...
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Market Jitters: U.S. Futures Slide Amid Tariff Worries, Tesla Takes a Hit

              

U.S. stock index futures experienced a decline on Monday as concerns over ongoing tariff disputes continued to weigh on investor sentiment. At 7:16 a.m. ET, Dow E-minis dropped 389 points (0.91%), S&P 500 E-minis fell 61 points (1.06%), and Nasdaq 100 E-minis slid 242 points (1.21%). The uncertainty surrounding trade policies, particularly between the U.S., China, and Canada, has fueled fears of a potential economic slowdown.

Mega-cap growth stocks bore the brunt of the sell-off, with Nvidia, Meta, and Amazon.com all seeing premarket declines of over 1.3%. Tesla shares fell 2.4% after UBS lowered its forecast for the automaker's first-quarter deliveries and reduced its price target for the stock.

The broader market also reflected investor caution. Futures tied to the small-cap Russell 2000 index dropped 0.9%, while Treasury bonds saw increased demand as a safe-haven asset. Banking stocks, including JPMorgan Chase, Goldman Sachs, and Bank of America, also faced declines, with the broader banks index down over 8% for March.

Adding to the unease, China's retaliatory tariffs on select U.S. imports took effect on Monday, with additional U.S. tariffs on base metals expected later in the week. Investors are closely monitoring these developments, along with upcoming data on inflation, job openings, and consumer confidence, which could provide further insights into the health of the economy.

Tesla's decline highlights the challenges faced by the electric vehicle maker amid bearish forecasts and broader market volatility. The company's stock has been under pressure due to concerns over demand and pricing strategies.



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