US stocks just got a rare upgrade from a top bank even as the trade war rages on
"While downside risks do remain, we believe the risk of a more severe economic downturn is now more limited," UBS said.
"While downside risks do remain, we believe the risk of a more severe economic downturn is now more limited," UBS said.
Apple shares surged Friday, leading other Magnificent Seven members higher amid a broader market rebound to cap off a wild week fueled by tariff-driven volatility.
Tariffs were on, then they were off. At least temporarily, and only some of them — but not for China, which got hit with steeper duties and promptly hit back.
Warren Buffett's Berkshire Hathaway forged ahead with a yen bond sale, fueling speculation the investor is preparing for a stock-buying spree.
Nvidia is one of the firms "more protected" from Trump's tariffs, Morgan Stanley said this week.
The S&P 500 added 1.8% on Friday, April 11, 2025, closing out a turbulent week for the stock market as investors reacted to the latest announcements on tariffs.
Gold hit $3,200 for the first time on Friday. Wei Li, chief investment strategist at BlackRock, said it was a "better diversifier" than Treasury bills.
US indexes were back in sell-off mode, and China's latest retaliatory tariff further escalates the trade war.
The Iowa-based gas station and convenience store chain could be well-positioned to expand and relatively insulated from tariffs, KeyBanc analysts said.
Elsewhere in financial markets, the mood was gloomier and pointed to deteriorating confidence in U.S. assets.