Market Highlights
Market Highlights
2025-11-28
A gauge of global equities held firm after four days of gains, following a recovery fueled by bets
that the Federal Reserve will cut interest rates faster than previously thought.
The MSCI All Country World Index was little changed after trimming its drop for November to 0.4%
in the prior sessions. The gauge had been down nearly 4% for the month just over a week ago.
European and Asian benchmarks posted modest moves, with US markets closed for Thanksgiving.
In another sign that risk appetite is returning, Bitcoin traded above $91,000 for the first time in a
week. The dollar paused a two-day retreat.
The moves in stocks tracked firmingexpectations for Fed easing, with money markets pricing in
roughly an 80% chance of a quarter-point cut next month and leaning toward three more by the
end of 2026. A little more than a week ago, traders were projecting three cuts in total. It also
signals fresh optimism after worries over stretched tech valuations hammered equities earlier in
the month
2025-06-06
Stocks fell alongside Treasuries as online squabbling between President Donald Trump and Elon
Musk knocked down Tesla Inc., weighing heavily on the megacap tech space. While equities closed
away from session lows, the Nasdaq 100 dropped almost 1%. Tesla sank 14% as Trump proposed
ending Musk’s government contracts and subsidies after his onetime adviser attacked the
Republican tax-policy bill. Earlier gains in equities were driven by hopes tensions between the US
and China would ease as Trump and Xi Jinping agreed to further trade talks.
On the eve of the all-important jobs data, an unexpected jump in unemployment claims added to
speculation the Federal Reserve will cut rates at least twice this year. Economists see payrolls
rising by 125,000 after job growth in March and April exceeded projections. That would leave the
average over the past three months tracking a still-solid 162,000. The unemployment rate is seen
holding at 4.2%.
2025-06-05
Treasuries rallied after weaker-than-expected economic data reinforced speculation that the
Federal Reserve will cut interest rates at least twice this year to prevent an economic recession. A
contraction in US service providers and a deceleration in hiring drove bond yields down across the
curve.
Swap traders are pricing in two Fed reductions in October and December. The possibility of a move
in September increased to over 90%. The dollar slipped. The S&P 500 was little changed, with
defensive industries like health care and communications outperforming the market.
2025-06-04
Wall Street traders drove stocks higher as data showed the US labor market is holding up
despite concerns about risks stemming from President Donald Trump’s tariff war. Bonds fell. The
dollar rose.
Just days ahead of the US payrolls report, an unexpected increase in job openings buoyed
sentiment. Tech giants led the S&P 500’s bounce, with Nvidia Corp. up almost 3%. Energy shares
joined a rally in oil. Earlier equity losses were driven by a cut in OECD’s growth forecasts as the
institution said combative trade policies have tipped the world economy into a downturn.
2025-06-03
A rebound in big tech drove stocks higher after a slide driven by weak manufacturing, trade and
geopolitical risks. Bonds fell as the dollar hit its lowest since 2023.
Coming off the S&P 500’s best May in 35 years, the benchmark edged up at the start of what’s
historically one of its quietest months for gains. Nvidia Corp. led an over 1.5% rally in a measure of
chipmakers. US steel and aluminum shares surged on Donald Trump’s pledge to double levies on
the metals. Longer-dated Treasuries underperformed, with the spread between five-and 30-year
yields near a level it last closed above in 2021. Oil climbed.
2025-06-02
Volatility gripped stocks in the last stretch of the month, with the market bouncing from its lows as
Donald Trump said he expected to speak to Xi Jinping after accusing China of a trade-deal breach.
Following a slide that earlier reached 1.2%, the S&P 500 briefly erased losses to close little changed.
The gauge notched its best May since 1990. Shorter-term Treasuries outperformed, with the
market set for its firstmonthly drop this year. The dollar barely budged, while posting a fifth
straight month of declines - the longest slide since 2020.
2025-05-30
Wall Street traders cheering solid results from Nvidia Corp. had to face the harsh reality of slowing
economic data and legal uncertainties around Donald Trump’s trade war. The president told
Federal Reserve Chair Jerome Powell he’s making a mistake for not cutting rates.
The S&P 500 pared most of an advance that earlier approached 1%. A federal appeals court offered
Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda.
Treasuries rose on bets the Fed will slash rates twice this year and after a solid $44 billion sale of
seven-year notes. The dollar fell. Asian shares fell on concern President Donald Trump’s tariffs are
here to stay after his administration reiterated its resolve to keep the levies amid a legal tussle.
2025-05-28
Wall Street kicked off the week with a rally in stocks as consumer confidence rebounded sharply
while the US and the European Union sped up trade talks. A global surge in bonds also helped
sentiment.
As equities halted a four-day slide, the S&P 500 climbed 2%. Nvidia Corp. paced gains in megacaps
ahead of its results. Treasuries got a boost, pushing the 30-year yield below 5% on signs Japan will
be ready to calm jittery debt markets. The moves in the US extended after a sale of two-year notes
was met with solid bidding metrics. The dollar rose against all developed-market currencies.
2025-05-27
European stocks climbed along with US equity futures after President Donald Trump extended a
deadline on aggressive euro area tariffs, reinforcing a pattern of leaving markets guessing by
making trade threats before backtracking.
The Stoxx Europe 600 index erased Friday’s losses sparked by Trump’s threat of 50% tariffs on the
European Union. The US President later said he had agreed to delay the date for the levies to July 9
from June 1. Contracts for the S&P 500 and the Nasdaq 100 advanced more than 1%. A gauge of the
dollar hovered near its lowest level in almost two years. Cash Treasuries didn’t trade due to
holidays in the UK and US.
Bonds rallied worldwide after Japan indicated it’s looking to stabilize its debt market after weeks of
selloff. The dollar rebounded.
2025-05-26
Wall Street was rattled by President Donald Trump’s threats to impose aggressive tariffs on the
European Union and Apple Inc., with stocks falling and the dollar hitting its lowest level since
December 2023.
The S&P 500 extended losses into a fourth straight day as Trump said he’s “not looking for a deal”
with the EU, reiterating tariffs would be set at 50%. Earlier Friday, the market got some relief as
Treasury Secretary Scott Bessent said the US could strike “several large” trade deals in the next
couple of weeks. Apple fell 3% to lead declines in tech giants. United States Steel Corp. soared 21%
as Trump announced his support for a partnership with Nippon Steel Corp.
2025-05-23
Wall Street struggled to regain confidence in the wake of a Treasury selloff that shook markets
amid fiscalconcerns, with stocks dropping in the last stretch of US trading. Bonds and the dollar
rose.
After a brief pause in equity selling, the S&P 500 lost steam to finishlower for a third consecutive
day. That’s the longest slide since April 8, when the gauge closed on the brink of a bear market.
While the cohort of big techs outperformed, a decline in Apple Inc. late in the session soured the
mood. That’s even as long-term government bonds rebounded, with 30-year yields falling after
approaching levels last seen in 2007.
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