NYSEARCA:SPY - NYSE Arca - US78462F1030 - ETF - Currency: USD
The market is in a cautious phase with waning momentum.
The broad-based selling on May 21 wasn't a surprise, it was preceded by several days of narrowing breadth.
Wall Street stumbled midday Friday, shaken by a fresh wave of trade war fears after President Donald Trump proposed aggressive new tariffs on Apple Inc. (NASDAQ:AAPL)
At the Northwest Arkansas Fireside Chat, the Fed official noted that business and consumer inflation expectations are rising.
In an interview with Fox Business, Bessent said that most of the U.S.'s trading partners have been negotiating in “very good faith.”
Mentions: AAPL
Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.
As the "One Big Beautiful Bill" progresses to the Senate, investors should expect volatility in Treasury yields, says Jim Cramer.
Mentions: QQQ
“The further out someone tries to predict the future, the more incorrect the prediction will be,” one supply-chain expert said. “That's where we get into trouble with the fashion industry.”
Investors worried about the US debt pile are weighing the House vote to approve President Trump's "big, beautiful" tax bill.
Investors worried about the US debt pile are weighing the House vote to approve President Trump's "big, beautiful" tax bill.
While the major indices are holding up, breadth is beginning to diverge and fewer stocks are driving the rally, market participation is waning.
Markets continued to show resilience at the start of the week, with all major indices maintaining their short-term bullish trends.
The short-term trend remains bullish across all major indices, supported by strong market breadth and price action.
Short-term market trends remain bullish as strong breadth and rising moving average participation support the ongoing rally across U.S. indices.
While some longer-term measures still reflect strength, the short-term internal weakness suggests the market could be due for further consolidation or a deeper pullback, unless leadership broadens again.
Over the past several trading sessions, market breadth has shown a clear and encouraging shift toward strength, particularly in the short to medium term.