Nasdaq ETF (QQQ)

Summers also countered Treasury Secretary Scott Bessent’s view that bond yield at the shorter end of the curve indicates the Fed should cut interest rates.

Wall Street pushed higher in midday trading, with the S&P 500 on track for its eighth consecutive gain — its longest winning streak since November 2023. The index rose about 1% to 5,560, fully recovering the losses sustained after former President Donald Trump announced trade tariffs on April 2.

The two-year yield was trending close to 3.67% on Thursday, compared to the effective federal funds rate of 4.33%.

Continuing claims, which reflect the number of Americans receiving benefits beyond the first week, rose by 83,000 to 1.92 million.

The former Treasury Secretary also noted that the tariffs could pose a challenge to the U.S. clean energy sector.

Gold prices extended their slide on Thursday, trading at around $3,220 per ounce during pre-market hours, as traders welcomed signs of progress in trade talks between the U.S. and countries facing President Trump's hefty tariff hikes.

U.S. stock futures rose early Thursday morning, following the robust earnings of two "Mag 7" companies after markets closed on Wednesday.

The investor argues the U.S. is emerging from a three-year “stealth recession” and forecasts a productivity-driven economic boom led by innovation-focused companies. She expects falling interest rates, lower inflation

CFO Amy Hood said that through April, demand signals across its commercial businesses, as well as on LinkedIn, Gaming, and Search, remained consistent.

Asian businesses are redirecting their sales strategies toward non-U.S. markets and scaling back advertising targeted at American consumers.

Chinese imports now attract a 145% levy after President Donald Trump’s administration announced multiple retaliatory hikes.

Notwithstanding the recent seven-session run, the S&P 500 Index ended April — a historically strong month — with a loss of 0.8%.

On Jan. 20, 2025, Donald Trump was sworn in as the 47th president of the U.S., an event watched by millions of people on television and highly anticipated by investors.

Most economists agree that first-quarter GDP was "clouded" by a rush of imports as businesses increased inventories ahead of the implementation of Trump's tariff policies. However, risks to the outlook are increasing.

Core PCE, which excludes food and energy, also remained unchanged in March compared to the previous month but increased 2.6% from one year ago.

Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs.

The first-quarter GDP contracted at an annual rate of 0.3%, marking the first quarter of negative growth since Q1 2022.

U.S. stock futures are down Wednesday morning, despite major averages ending up on Tuesday, and the S&P 500 and Dow Jones notching their sixth-straight day in the green, the longest streak for the indexes in months.

As market volatility rises amid tariff concerns and retirement account withdrawals hit record highs, CNBC's Jim Cramer advocates for greater political consideration of investor interests, challenging the notion that stock market participants are exclusively wealthy elites.

He also agreed that the 145% tariffs on Chinese imports were equivalent to a near-embargo.

Powell, appointed as Fed chair by Trump during his first term, fell out of favor with the president after stating he would wait for more clarity on the effects of the administration's broad tariffs before adjusting interest rates.

Notwithstanding the resurgence seen since last week, the market is likely to end April with a monthly loss, with the S&P 500 down 0.90% with a session to go.