US stocks edged higher on Monday as steelmakers surged after US President Donald Trump said he would impose 25% tariffs on steel and aluminum imports. Trump also said he would announce reciprocal tariffs on all countries on Tuesday or Wednesday. As of 10:15 am Eastern time, the S&P 500 was up 0.6%. The Dow Jones…
Wall Street in the week ahead will witness plenty of economic data, but major focus of investors will on the US Federal Reserve’s monetary policy. The us central bank will release its interest rate decision, the first of year 2025, on Wednesday. After three straight rate cuts last year, the Fed is widely expected to…
US stocks mostly rose on Thursday after US President Donald Trump’s Davos comments and corporate earnings. At the WEF in Davos , Switzerland, Trump said that he is working to reverse inflation, lower taxes and boost fossil fuels production in the US but did not elaborate on his proposed tariffs. At 11:57 a.m. ET, the Dow…
