U.S. stocks pulled back Tuesday morning as Wall Street recalibrated expectations on growth and inflation amid rising fiscal risks tied to President Donald Trump's sweeping tax proposal.
The partnership will provide AI-driven, on-demand manufacturing capabilities, helping defense and commercial customers quickly address supply chain challenges.
Michael Saylor‘s Strategy Inc. (NASDAQ:MSTR), formerly MicroStrategy, was hit with a lawsuit, specifically after adopting the new accounting rules of reporting cryptocurrency assets on its financial statements.
U.S. stock futures were slightly lower on Tuesday after ending largely flat on Monday. Futures of major benchmark indices were trading lower in premarket.
The brokerage believes the S&P 500's upside through the 6,100 mark depends on continued reacceleration in earnings revisions, as interest rate relief remains elusive.
Dimon noted that the full impact of Trump’s tariffs on the economy is not apparent yet, even as some analysts expressed optimism about the outlook for U.S. equities.
U.S. stocks trimmed early-session losses by midday Monday, as investors showed limited concern after Moody's downgraded U.S. sovereign credit from Aaa to Aa1, effectively stripping the world's largest economy of its last top-tier credit rating.
According to Dalio, Moody’s downgrade only focuses on the government’s capacity to repay its debt, not the risk of its being able to print more money to repay that debt.
Morgan Stanley’s Wilson noted that the corporate earnings season has shown no major impact due to Trump’s tariffs, and a slew of recent profit upgrades is another green sign.
