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Timothy Moore

Yesterday

The yield on the US 10-year leapt 11 basis points to 4.50 per cent as the jobs data led traders to trim bets on Federal Reserve rate cuts this year.

Wall St rallies as jobs data eases outlook worries for now

All three major US equity benchmarks were higher after a report signalled labour market resiliency despite the Trump administration’s chaotic trade moves.

May

Trader Christopher Lagana works on the floor of the New York Stock Exchange, Friday, April 11, 2025. (AP Photo/Richard Drew)

S&P 500 ends flat after Trump renews, tempers China tariff rhetoric

US equities ended little changed, off their session lows, after the president said he’s hoping to resolve a trade dispute with a phone call with Xi Jiniping.

Shares in Apple were 2.8 per cent lower near 2.25pm in New York after Trump said he’d impose a 25 per cent tariff on the company unless it starts to manufacture iPhones in the US.

S&P 500 hit by latest Trump trade threats

US equities fell after President Donald Trump renewed his battle with both the EU and Apple. Wall Street is now closed for a three-day break.

From the S&P 500’s last all-time high on February 19 to its recent low on April 8, the 30 largest stocks lost about $US6.3 trillion in market cap, according to Bespoke Investment.

S&P 500 rallies for second-best week of 2025

The US equity benchmark closed 0.7 per cent higher for a 5.3 per cent gain on the week. Moody’s downgrade of the US credit rating came after the closing bell.

US investors are hesitant to extend positions into the weekend.

S&P 500 slips ahead of US-China trade talks

Shares ended modestly lower, reversing early gains, as investors opted for caution leading into weekend negotiations between the world’s two key economies.

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April

“‘Rollercoaster’ is not a technical term, but it is probably the best adjective to describe price action across equity markets this week,” LPL Financial strategist Adam Turnquist said in a note.

Wall St recovers from early swoon as bond rout eases

The S&P 500 rallied 1.8 per cent to record its best week since November 2023, though volatility persisted with US-China trade relations in focus.

Volatility returned as Wall Street’s sell-off renewed.

ASX trims early loss as US futures rally; Evolution Mining soars

Shares down 0.8pc, US futures rise; Jarden upgrades MinRes; upside tipped for US stocks; gold miners rally as prices retake $US3200; oil rebounds. Follow live.

Donald Trump’s trade policies have sent the ASX and Wall Street through a wild few days.

Goldman’s 73-minute recession says everything about a reeling market

Was it The Art of the Deal, or just Donald Trump blinking in the face of a bond market shock? Either way, it’s been a day of whiplash for traders and brokers.

The Australian dollar drop as other currencies as US Treasury yields spiked higher.

ASX up 2.3pc in largest gain since 2022; WiseTech rallies

Sharemarket rebounds as buyers step in; tech, energy rally; Pro Medicus upgraded; Deutsche tips 50bps May cut; Star’s rescue deal; $A holds near US60¢.

The sell-off shows no sign of moderating.

S&P 500 tumbles 6pc, ASX futures plunge, $A shredded

A late session rebound failed and all three major benchmarks collapsed into the closing bell. Trump says “only the weak will fail”. ASX futures down 4.29pc.

Wall Street sank and more losses are set for the ASX at Friday’s open.

ASX erases $57b, enters correction as global tariff fallout rumbles on

ASX drops 2.4pc; biggest weekly loss since 2022; US futures lower, jobs data awaited; oil sinks 6pc; Fisher & Paykel upgraded; banks up RBA rate cut forecasts.

A light installation celebrating the Year of the Snake in Beijing

China vows to punish ‘bullying’ Trump’s tariffs

China vows to hit back at Trump’s tariffs which total 54pc; pharmaceuticals, semiconductors and gold have been excluded but may still come. How the day unfolded.

March

The NYSE Fang + Index, which tracks the megacap techs, was 3.5 per cent lower, taking the year-to-date drop to more than 12 per cent.

Wall St tumbles on tariff worries, anxious consumers

The S&P 500 shed 2 per cent in a broad sell-off with a key megacap tech index hammered anew. Gold reset its record high as Trump’s Liberation Day looms.

A PLA Chengdu J-20S stealth fighter jet on the tarmac at an air show in China in November.

China ‘presents’ top military, cybersecurity threat to US

Beijing is using “whole of government” efforts including military, economic and influence operations to assert itself, the American intelligence community said.

Trump is betting big on tariff revenue  to shore up America’s finances.

Wall St rallies late, paced by megacap techs

Another whipsaw session in New York ended with a flourish and the S&P 500 snapped a four-week losing streak.

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A protester stands outside a Tesla showroom in West London.

Musk must pivot to avert ‘black swan crisis’ for Tesla: analyst

The billionaire’s “110 per cent” focus on making the US federal government more efficient could permanently damage the EV maker, says an expert.

The S&P 500 confirmed a correction last month, closing 10 per cent below the record set in December.

Investors are turning to the safest of assets for Trump-era security

From retail investors to Wall Street’s top fund managers, the biggest move to cash since the pandemic is on after a month of dramatic market volatility.

Wall Street advanced after another chaotic week of trading.

Wall Street rallies broadly in oversold rebound

The S&P 500 closed 2.1 per cent higher, after having confirmed a correction the previous session, helped by Nvidia, with all 11 industry sectors advancing.

Goldman has lowered its expectations for Chinese crude steel production in the June quarter due to lower steel exports than previously forecast.

Goldman sees risk of iron ore falling below $US80 a tonne

Goldman Sachs expects iron ore to average about $85 a tonne in the fourth quarter, though there’s a risk it could briefly trade even lower.

Local shares are on track to open up.

ASX drops as BHP, Rio and banks weigh

Shares down; Nine confirms Matt Stanton as CEO; Macquarie cuts coal forecasts; ACCC concerned by Silk deal; Boss buys Laramide stake; gold stocks shine.

Original URL: https://www.afr.com/by/timothy-moore-h0iscf