Wall Street remains optimistic despite uncertainty surrounding President Trump’s tariffs, with the S&P 500 nearing an all-time high. Investors are buying stocks, believing tariffs may be less severe than anticipated, although a trade policy uncertainty index has reached its highest level since 2019, indicating potential volatility ahead. Hedge funds have maintained a net short position on volatility futures for 16 weeks, suggesting a lack of preparation for possible market shocks.
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0 posts last weekUS Stocks Rebound as Traders Shift Focus to Earnings Season
US stocks rebounded on Thursday following a sharp sell-off, with tech leading the recovery. Traders shifted focus to upcoming earnings reports from JPMorgan, Wells Fargo, and Citigroup, while also monitoring comments from Fed officials on potential rate cuts. Despite inflation concerns, tech stocks surged, with Nvidia, Alphabet, and Amazon making significant gains. The market remains attentive to both macroeconomic factors and the potential for strong company earnings to drive further market growth.
read moreEquity Markets Update: Temenos Rebounds, AstraZeneca and Bechtle Stocks React
Shares of Temenos rebounded after steep losses following allegations of accounting irregularities by a short-seller. AstraZeneca’s stock rose after FDA approval for its cancer drug, while Bechtle’s shares fell due to a “limited profit prospects” rating. Equity markets have been performing well, with the S&P 500 closing above 5,000 for the first time. Two defensive stock ETFs have had positive returns every year for the past decade, and European markets are set to open lower.
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