Trump, Stock Market
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Trump, Powell
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Archer-Daniels-Midland, a leading processor and trader of agricultural commodities like corn, saw its stock tumble 5% in after market trading.
President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had "talked about the concept of firing" the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.
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Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
Coinbase Global stock was on pace for a record closing high Monday, extending its bull run into what the White House is calling “Crypto Week.”.
US stocks recover after Trump calls Powell firing unlikely, easing Fed independence fears. Details on market swings, renovation scandal, and interest-rate battle.
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Chipmaker, Netflix Loom After Trump-Powell Blip; Ferrari Breaks OutDow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. United AirlinesUAL reported mixed results late Wednesday. NvidiaNVDA chipmaker Taiwan SemiconductorTSM headline earnings early Thursday with NetflixNFLX due after the close.