The S&P 500's rally may be premature, warns Jeremy Siegel. Trump's tariff pause is temporary and trade tensions remain. Investors advised to be cautious.
Wall Street saw a tentative tech rebound early Wednesday, as investors begin to shrug off escalating U.S.-China trade tensions following a steep market selloff.
U.S. stocks surge after Trump hints at trade progress, easing fears of disruption. S&P 500 up 3%, tech-heavy Nasdaq 100 outperforms. Semiconductors lead sector rally.
Last week, investors threw out the baby with the bathwater as evidenced by mass selling the most defensive sector like utilities and consumer staples which are considered the recession trade.
Dip-buying absent in early NY trading, Wall Street deep in red as trade war fears escalate despite strong jobs report. Investors on edge for hints from Fed Chair Powell.
We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday.
Duke Energy stated that Sideris will focus on guiding the company’s future by overseeing its $83 billion five-year capital plan and driving critical infrastructure investments to support economic growth and meet customer energy demands.
The energy sector has been running the table year-to-date. Interestingly, the price of crude oil hasn’t participated much in this rally with the energy sector.
