Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive momentum in trade negotiations.
Warren, who serves as the ranking member of the Senate Banking Committee, argued that the stability of the financial markets depends on maintaining the independence of institutions like the Federal Reserve ,in an interview with CNBC.
The WTO now expects global goods trade to contract by 1.5% in 2025, the steepest decline since the COVID-19 pandemic, due to potential U.S. “reciprocal tariffs” and broader trade policy uncertainty.
U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip export restrictions to China.
Commenting on Nvidia’s disclosure, Wedbush analyst Daniel Ives said, “The financial impact is small relatively, but the strategic blow is the focus of the market."
Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.
The S&P 500 ended Monday on a rather ominous note, forming what is known as a technical 'Death Cross,' a chart pattern that is often seen as an indicator of a transition from a bull market to a bear market.
Trading direction will largely hinge on any news on tariffs, bond yields, a regional manufacturing activity report for April, and commentary from companies due to report earnings before the market opens.
Wall Street pared early morning gains by midday Monday, as investor caution returned despite a temporary easing in U.S.-China trade tensions. While the initial market reaction was positive, especially in tech, enthusiasm faded as the trading session progressed.
Wall Street ended the week on a strong note, with major indices posting their best weekly performance in years, as traders appeared confident that the escalation in the U.S.-China trade war — which led to triple-digit tariff increases on both sides — would be resolved in the near term.
