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The president also teased higher tariff rates on many other nations.
President Trump announced even more tariffs last night.
US stocks retreat as Trump's tariff threats hit sentiment. Bitcoin tops $118K, while Nvidia and tech stocks face valuation concerns.
Data has a way of cutting through noise.
BNP's strategy note “Running It Hot” predicts the S&P 500 at 6,700 12 months out, with Eurostoxx 600 rising to 590.
8am: Weak start expected US stock futures are pointing to a negative start for Wall Street a day after the S&P 500 closed at a fresh record as enthusiasm for AI and crypto helped offset new trade threats from President Donald Trump. Futures for the broad-market index pointed to a 0.6% decline when trading gets underway, with those for the Dow Jones also indicating a 0.6% fall while the Nasdaq is expected to open 0.5% lower.
With AI-driven momentum and Fed cut hopes fueling gains, growth and large-cap ETFs like VUG and VOO are drawing investor focus.
Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, believes the S&P 500 can rally another 12% this year.
President Trump continued raising tariff rates yesterday, and mailing out letters to foreign governments, threatening further hikes if trade deals are not signed.
New CEO Kirk Tanner's background in consumer packaged goods and brand building will help boost Hershey, one analyst says.