Wall Street recovers from Fri.'s shock
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Wall Street’s push to open private markets to everyday investors is running into resistance. Just don’t tell President Donald Trump’s administration.
Cole Smead, Smead Capital Markets CEO, joins 'The Exchange' to discuss the oil sector, crude prices and his market outlook.
Stay updated on this week's market dynamics with Wall Street Breakfast. Key topics: Fed rate decision, Israel-Iran tensions, oil prices, & earnings reports.
Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors.
Still, Goodyear predicts it will incur tariffs on raw materials and commercial tires. The company adjusted its working capital for the first quarter to reflect the tariffs. President Donald Trump has also gained a reputation for backing off of tariffs under pressure, which would reintroduce the threat of Asian tire importers.
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U.S. stocks drifted higher following another encouraging update on inflation. The S&P 500 added 0.4% Thursday and is sitting less than 2% below its record.
The S&P 500 climbed 0.9% to reclaim most of its drop from Friday. The Dow Jones Industrial Average rose 317 points, or 0.8%, and the Nasdaq composite gained 1.5%. They joined a worldwide climb for stock prices, stretching from Asia to Europe.
Buffalo Bills quarterback Josh Allen and Hailee Steinfeld recently got married, and details of the event are starting to be known.