Lates News

Trump's escalation of tariff threats escalated concerns about a trade war, leading to a drop in stock index futures. However, US bank strategists said that strong earnings expected by clients this summer will support the stock market. S&P 500 index futures and Nasdaq 100 index futures both fell 0.6%. The US dollar strengthened against all major currencies. The yield on 10-year US Treasury bonds rose 4 basis points to 4.39%. Trump threatened to impose a 35% tariff on some Canadian goods, higher than the current 25% tariff on US imports from Canada that do not comply with the USMCA rules. Trump also told NBC News that he is considering imposing a comprehensive tariff of 15% to 20% on most trading partners. Traders have become "numb" to tariff dynamics recently, as the S&P 500 index hit a new all-time high on Thursday - some believe that a correction risk has emerged. US bank strategist Michael Hartnett wrote that the bank's clients believe there will be a "healthy 'fill' correction later this year." But for now, most people expect second quarter earnings to exceed expectations.