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U.S. stocks are drifting, as momentum slows following their sprint through May, which was their best month since 2023.
US stock futures edged lower Sunday evening, following a bullish May driven by tech optimism and resilient economic data.
Investors were feeling on edge Monday after China hit back at President Donald Trump's claim that Beijing had "totally violated" the tariff deal it brokered with Washington last month. The Cboe Volatility Index,
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Even as tariff-related turmoil continues, consumer sentiment improved at the end of last month, and few companies are outright throwing long-term forecasts out the window. But Wall Street has shown signs of getting a bit more cautious on the second quarter.
Ongoing US-China trade tensions and volatile policy shifts have left investors caught between betting on tariff deescalations and bracing for increased uncertainty.
White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.
May’s payroll figures will show how labor conditions are holding up aid trade uncertainty. Jamie Dimon sees crack in bond market coming. BofA sees major market inflection point.
Wall Street closed its best month since 2023 with a quiet day of trading. The S&P 500 was essentially flat and edged down by less than 0.1% as it finished a winning week and its first winning month in the last four.
“So elementary schools basically need their floors redone almost every summer. It’s this niche industry that no one knows about and everybody needs,” he told The Wall Street Journal. Olson now earns enough to land in the top 1% of U.S. income earners — that’s at least $550,000 a year, not including capital gains.
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Wall Street inched toward tiny losses early Friday as markets digested a the government’s latest inflation data.
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