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S&P 500 Index Newsroom
Trump and Powell on Collision Course Without Easy Escape
Support Powell? The "third-in-command" of the Federal Reserve stated that there is no necessity to adjust interest rates in the short term!
① The President of the New York Federal Reserve, Williams, believes that there is no need to change the Federal Reserve's interest rate policy in the short term, although Trump's tariffs may increase inflation, weaken economic growth, and raise unemployment rates. ② Williams emphasized that the Federal Reserve needs to ensure that inflation does not continue to rise and to bring inflation back to the target level of 2%.
Trump, Meloni Sound Upbeat on Trade Deal. Japan, Mexico, China Tariffs Updates; Follow the Latest Here
Weight stocks have faced a sharp decline, while the Dow Jones, known as the "most resilient" index in the U.S. stock market, has fallen against the trend.
The Dow Jones uses a price-weighted method, which means that price changes in high stock price shares have a greater impact on the index than those in low stock price shares. Overnight, the largest weighted stock, UnitedHealth, plummeted 18%, dragging the Dow down by 1.2%, while the S&P 500 Index rose by as much as 0.6%. Media compilation data shows that since 1954, instances where the Dow fell by 1% or more while the S&P rose at least 0.5% have only occurred once.
Dow Sees First 'Death Cross' Since 2023 - but Here's the Good News
Options Market Statistics: Hertz Shares Surge After Ackman Confirms 20% Stake, Hints at Uber Collaboration; Options Pop
Wall Street Slips As Trump Targets Fed Chair, UnitedHealth Weighs On Dow
The tariff storm caused by Trump has overturned the market, and the Federal Reserve remains indifferent! The once Famous Fund Hold Position of Wall Street has collectively collapsed.
As Powell explicitly refused to rescue the market this week and faced fierce criticism from Trump, Wall Street, which continues to plunge under the impact of tariffs, is desperately seeking a lifeline.
The Trump administration has also suspended the eligibility for international students at Harvard University.
The Trump administration has notified Harvard University that it would revoke its eligibility to accept foreign students if it does not comply with the administration's demands. This marks an increase in pressure on the university. Department of Homeland Security (DHS) Secretary Kristi Noem issued this notification in a letter dated the 16th. Prior to this, Harvard refused to comply with the administration's demand to 'audit' the opinions of faculty, students, and staff under federal government oversight on the 14th. President Alan Garber stated that such demands undermine the independence of the university.
S&P 500 Global Sectors ranking: Pharmaceutical, Biotechnology, and Food & Consumer Staples Retail are rising.
Closing Price Compared to Previous Day S&P 500 5282.70 +0.13% ■ Top Gainers Categories Pharmaceuticals & Biotechnology 1243.83 +3.38% Food & Staples Retail 979.60 +2.60% Household Products & Personal Care 892.96 +2.40% Durable Goods & Clothing 317.46 +2.38% Energy 625.42 +2.20% ■ Top Losers Categories Health
What to Make of Trump Meloni Meeting
S&P 500 Falls on Week Led by Tech, Consumer Discretionary, Communication Services
U.S. Stocks Mixed Ahead of Easter Holiday -- Market Talk
Trump Blasts Fed Chair Jerome Powell
Daily Roundup of Key US Economic Data for April 17
Trump Expresses Optimism on EU Trade Deal
Trump Says He Can Push Out Powell Even Though Fed is 'Technically Independent'
Chicago Fed Research Director Will Lead Philadelphia Fed
UnitedHealth (UNH.US) stock price plummeted, dragging down the Dow's performance significantly behind the S&P 500 Index.
The Dow Jones Industrial Average experienced a rare decline this Thursday, mainly dragged down by a significant drop in its largest component, UnitedHealth.
S&P 500 Opens Higher; Trump Renews Attack on Fed Chair Powell -- WSJ