Another big bank has slashed its stock-market outlook amid soaring economic uncertainty
The US economy could be heading for a sharp slowdown "very very soon," an analyst said on Wednesday. Price targets for the S&P 500 have been edging lower.
The US economy could be heading for a sharp slowdown "very very soon," an analyst said on Wednesday. Price targets for the S&P 500 have been edging lower.
Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.
American companies are investing more in their future and getting a better return on their investments than overseas peers, Goldman Sachs said.
Corcept currently trades at $58.76 and has been a dream stock for shareholders. It’s returned 434% since March 2020, blowing past the S&P 500’s 117% gain. The company has also beaten the index over the past six months as its stock price is up 35.8%.
It was really only a matter when, not if, tariff fears cast a pall over Wall Street and global markets again, and so it proved on Wednesday as investors braced for U.S. President Donald Trump's latest announcement on auto tariffs. Earlier, British finance minister Rachel Reeves delivered an update on the country's fiscal and economic health, and as I will explore below, it's a challenging outlook for sterling and UK bonds. Tech is the worst-performing sector inthe S&P 500, losing 2.5%, and with tariff and inflation fearsflaring up, consumer cyclicals lose 1.7%.
The S&P 500 fell 1.1% on Wednesday, March 26, 2025, as tech stocks faltered and the White House prepared to announce tariffs on car imports.
Barclays analysts on Wednesday became the latest to cut their projection for the S&P 500, citing the uncertainty around the Trump administration's tariffs and their potential impact on the U.S. economy.
(Bloomberg) -- Jefferies Financial Group Inc.’s fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with activity hurt by uncertainty around US policy and geopolitics. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Ca
Customer experience solutions provider Concentrix (NASDAQ:CNXC) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 1.3% year on year to $2.37 billion. The company expects next quarter’s revenue to be around $2.38 billion, coming in 0.6% above analysts’ estimates. Its non-GAAP profit of $2.79 per share was 7.8% above analysts’ consensus estimates.
Office furniture manufacturer Steelcase (NYSE:SCS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.7% year on year to $788 million. The company expects next quarter’s revenue to be around $772.5 million, coming in 3.7% above analysts’ estimates. Its non-GAAP profit of $0.26 per share was 26.2% above analysts’ consensus estimates.