US EditionUS stocks rally after their sell-off, but not by enough to keep them from a 4th straight losing week
- U.S. Stocks bounced back on Friday, with the Dow Jones Industrial Average up 241 points and the S&P 500 1% higher in morning trading, but the S&P 500 remained more than 10% below its record.
- The rally wasn't strong enough to prevent Wall Street from heading toward its fourth consecutive losing week, the longest such streak since August, and the S&P 500's drop marked its first correction since 2023.
- Uncertainty surrounding President Trump's escalating trade war and frequent policy changes has led to drops in confidence among U.S. Households and businesses, making it difficult for consumers to plan for the future, regardless of their policy preferences.
- Rising yields, influenced by lessening worries and increasing inflation concerns, have raised fears about a pullback in spending that could negatively impact the economy, with consumers bracing for higher inflation as expectations for long-term inflation jumped to 3.9%, the biggest month-over-month jump since 1993.
- China’s National Financial Regulatory Administration issued a notice ordering financial institutions to develop consumer finance, encourage credit card use, aid borrowers, and be more transparent, while the yield on the 10-year Treasury climbed to 4.29% after fluctuating since January when it approached 4.80%.
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35 Articles
35 Articles
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Left
5
Center
13
Right
5
Coverage Details
Total News Sources35
Leaning Left5Leaning Right5Center13Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 22%
C 57%
R 22%
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