Tesla bounced back on Tuesday following its worst day in five years after one of Wall Street’s biggest bulls said it was time to buy the stock — and President Trump pledged to buy a Tesla.
(Bloomberg) -- A fresh flurry of trade-policy headlines touched off another volatile trading day on Wall Street, with the S&P 500 Index’s three-week selloff briefly reaching 10% before a late rally pared the drop.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘Not Architecture’ of High Line D
Stock markets built on the latest steep losses driven by recession fears.
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroPresident Donald Trump downplayed a sharp market selloff spurred by worries that his tariff
Monday's falls were triggered by investors fearing the US could slip into recession amid President Donald Trump's sweeping tariff and policy changes.
Donald Trump's latest threat of 50% tariffs on Canadian steel and aluminum upended markets Tuesday, but his plan for duties there could be heartily welcomed by American manufacturers of those products.
The bond market is confused over what to make of President Donald Trump’s quickly shifting trade policies, but the next moves from the Federal Reserve and the stock market could inform what traders will do next.
Viking Holdings shares dropped Tuesday as executives warned of macroeconomic "uncertainties" on the cruise operator's fourth-quarter earnings call.
Shares of genetic testing company Natera (NASDAQ:NTRA). jumped 5.2% in the afternoon session after stocks rebounded, following a broad-based sell-off the previous day. The Nasdaq was down 4%, while the S&P fell 2.7% as concerns over the ongoing trade war continued to spread. While those concerns haven't exactly disappeared, it's likely some investors looked to take positions in some of the beaten-down stocks, especially some of the high-quality names that got caught up in the sell-off.
Shares of First Watch Restaurant Group fell on Tuesday as the breakfast chain said it expects high prices of eggs and other commodities will likely pressure its margins this year.