NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.
The collaboration between Alibaba Cloud and Diézhǐ Studio on the launch of "Endless Warmth" highlights the potential for innovation and success in the mobile gaming industry. By leveraging cutting-edge technologies and harnessing the power of cloud computing, developers can create immersive gaming experiences that captivate players and push the boundaries of what is possible in the world of mobile games.Throughout the reception, there were more signs that the groom's mother was present in a different way. A favorite song of hers played on the dance floor, causing guests to share stories and memories of her vibrant personality and loving nature. The groom's father, who had lost his wife too soon, shared a heartfelt toast to his son and new daughter-in-law, expressing gratitude for the love and support of friends and family, and acknowledging the special presence of his wife on this important day.
UV Fused Silica Plano-Convex (PCX) Lenses Market Outlook and Future Projections for 2030 11-24-2024 01:53 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Dhirtek Business Research and Consulting UV Fused Silica Plano-Convex (PCX) Lenses Market The uv fused silica plano-convex (pcx) lenses market represents a dynamic and continually evolving landscape, shaped by changing consumer demands and technological advancements. In this comprehensive report, we provide an in-depth exploration of the market, designed for a wide range of stakeholders including manufacturers, suppliers, distributors, and investors. Our goal is to equip industry participants with essential insights that enable informed decision-making in an ever-changing market environment. This analysis not only examines the current state of the uv fused silica plano-convex (pcx) lenses market but also forecasts its future trends. 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We provide quantitative data that illustrates the market share and contribution of each segment, enabling stakeholders to make informed decisions regarding resource allocation, strategic prioritization, and investment. This section offers insights into the growth potential of each segment, including factors driving future expansion, evolving consumer preferences, and technological adoption. Conclusion This report serves as a strategic guide for stakeholders in the uv fused silica plano-convex (pcx) lenses market, offering comprehensive insights into market segmentation, competitive dynamics, and growth potential. By understanding the market's complexities and emerging opportunities, industry participants can make well-informed decisions that drive success and innovation in this rapidly evolving market. 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Our objective is to enable our clientele to achieve transformational progress and help them to make better strategic business decisions and enhance their global presence. We serve numerous companies worldwide, mobilizing our seasoned workforce to help companies shape their development through proper channeling and execution. We offer our services to large enterprises, start-ups, non-profit organizations, universities, and government agencies. The renowned institutions of various countries and Fortune 500 businesses use our market research services to understand the business environment at the global, regional, and country levels. Our market research reports offer thousands of statistical information and analysis of various industries at a granular level." This release was published on openPR.
Stock market today: Wall Street climbs as bitcoin bursts above $99,000
has said he is hopeful that can lift the title this season, saying this campagin "feels different." Liverpool boss Arne Slot is in his first season in charge at Anfield, although he could equal the feat of Jürgen Klopp by delivering a league title to the club after moving seven points clear with a over on Thursday. Salah, who has repeatedly said he at the end of the season amid the , called for his Liverpool teammates to keep pushing for the title. "The most important thing is the team winning -- hopefully we win the Premier League," he told Amazon Prime. "It is great, but we focus on each game and hopefully we carry on like that. "[This year] it feels different, but the most important thing is we need to stay humble. This one is very special, hopefully we win the Premier League and for this club it is something I dream of." Salah netted the third goal against Leicester, his 100th home goal since joining the club in 2017. Liverpool were denied the title on several occassions by Pep Guardiola's imperious sides in recent seasons. However, City have been way off their best this term, with , and their biggest rivals for the title at present. Regarding his future at , the Egypt forward sidestepped a question asking for any update to his contract situation. As it stands, he will be free from Jan. 1 to talk to other clubs about a free transfer in the summer.One of the key reasons why Ten Hag has been so successful at Ajax is his emphasis on youth development and promoting a style of play that is ingrained in the club's philosophy. His commitment to nurturing young talent and instilling a possession-based, attacking style of football has paid off handsomely. Under his guidance, Ajax has produced a number of talented players who have gone on to become stars on the European stage.