The U.S. dollar is losing its grip on a months-long rally, breaking below key technical levels and recording its worst week in years, as traders unwind bullish bets in response to President Donald Trump‘s softer-than-expected tariff stance.
Trump’s executive orders included overhauls to U.S. trade policy and declaring a national emergency at the southern border.
ET, Dow E-minis were down 98 points, or 0.22%, S&P 500 E-minis were down 4.5 points, or 0.07%, and Nasdaq 100 E-minis were down 5.75 points, or 0.03%.
By sector, stocks of space-related corporations rose after President Trump declared he would plant the U.S. flag on Mars. The stock price of Intuitive Machines soared 24% to $22.94, while Rocket Lab closed at $31.27, up 30.29%.
U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration.
Trump is driving uncertainty in oil markets as he pressures OPEC to boost production while threatening some trade partners with tariffs.
Stellantis (NYSE:STLA), and Delta Air Lines (NYSE:DAL) have each pledged $1 million to President-elect Donald Trumps inaugural fund, showcasing their commitment to engaging with the
Canada’s main stock index continued to climb Friday amid tech and financial gains, extending a nearly two-week run as markets bank on averting trauma from tariffs threatened by President Donald Trump.
The TSX pushed its positive closing streak to nine days on Friday, though it was a muted gain as traders held off on any risky moves given the uncertainty over U.S. President Donald Trump’s latest tariff threats.
Even as a move to regulate pharmacy benefit managers like Express Scripts gets bipartisan support in Congress, a Missouri effort faces an uphill battle in part due to intense pressure from industry lobbyists.