Horizon Wealth Management

2025/06/09

S&P 500 ends slightly up; traders watch US-China trade talks

Robinhood falls after platform left out of S&P 500 Warner Bros shares down after co said it plans to split businesses McDonald's falls after Morgan Stanley downgrade S&P 500 +0.09%, Nasdaq +0.31%, Dow flat

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2025/06/06

Tesla's $380 billion wipeout marks biggest 2025 loss among top companies

June 6 (Reuters) - Tesla is the worst-performing large-cap stock this year, thanks to declining electric vehicle demand, Chief Executive Elon Musk's political controversies over his ties to far-right groups, and now, his public feud with President Donald Trump. Tesla shares slumped on Thursday, after Trump on social media threatened to cut off government contracts with Elon Musk's companies, following Musk's sharp criticism of the president's signature tax and spending bill on his X social media platform.

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2025/06/05

Trump, Musk public feud escalates; Nasdaq falls; Tesla, DJT tumble

NEW YORK, June 5 (Reuters) - President Donald Trump threatened on Thursday to cut off government contracts with companies owned by billionaire Elon Musk, as the alliance between the world's most powerful man and its richest erupted into a rancorous public fight. The feud, which exploded in spectacular fashion over the course of a few hours, pushed shares of electric vehicle maker Tesla (TSLA.O), opens new tab down dramatically. The company, where Musk serves as chief executive officer, closed down 14.3% for the day and lost about $150 billion in value after Trump and Musk began their war of words.

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2025/06/04

Safe-haven gold rises on weak data, simmering uncertainty

Trump calls China's Xi tough, 'hard to make a deal with' US private payrolls post smallest gain in over two years in May US service sector unexpectedly contracts in May Dollar down 0.5%

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2025/06/03

Morning Bid: Trump and Xi's big chat

LONDON, June 3 (Reuters) - What matters in U.S. and global markets today The dollar and U.S. Treasuries found their footing on Tuesday after a rough start to the week, but stocks remained edgy due to a mix of trade war concerns and spluttering factory activity.

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2025/06/02

Wall Street closes with modest gains, dollar weakens as trade tensions flare

Trade tensions between US and China escalate, affecting global markets Trump plans to double tariffs on steel and aluminum, EU vows retaliation Dollar weakens amid unpredictable trade policy, Treasury yields rise slightly Oil bounces on Canada wildfires, output relief from OPEC

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2025/05/26

Gold falls nearly 1% after Trump extends tariff deadline on EU goods

Trump extends EU trade talk deadline to July 9 Citi upgrades its zero-to-three month gold price target Markets in the United States and Britain closed

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2025/05/23

Wall St falls as Trump tariff threats spark market uncertainty

Indexes down: Dow 0.61%, S&P 500 0.67%, Nasdaq 1% Deckers Outdoor slumps after sales fall below estimates Apple hits two-week low after Trump threatens tariffs Wall Street's 'fear gauge' spikes to over two-week high

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2025/05/22

Kraken launches tokens to offer 24/7 trading of U.S. equities

Crypto exchange Kraken said on Thursday it is launching tokens of U.S. equities that will trade around the clock, giving non-U.S. investors exposure to high-profile companies such as Apple (AAPL.O), opens new tab, Tesla (TSLA.O), opens new tab and Nvidia (NVDA.O), opens new tab. Tokenization refers to the process of issuing digital representations of publicly-traded securities. Instead of holding the securities directly, investors hold tokens that represent ownership of the securities.

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2025/05/21

Morgan Stanley turns bullish on most US assets, except dollar

Morgan Stanley turned bullish on most major U.S. assets, upgrading its stance on stocks and Treasuries to "overweight", bolstered by reduced tariff uncertainty, no chance of a recession and the room for further rate cuts. However, the one exception was the dollar, which the Wall Street brokerage expects will continue to remain under pressure due to "a convergence in U.S. rates and growth to peers", it said in a note late on Tuesday.

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2025/05/20

Dollar set for more weakness as 'Brand USA' falls further out of favor

Investors still see dollar as overvalued even after recent fall Further rebalancing of global portfolios away from USD assets poses risk to the buck Rise in FX hedge ratios could add selling pressure Some investors looking to sell dollar rallies

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2025/05/19

JPMorgan upgrades emerging market equities as Sino-US trade war eases

J.P.Morgan upgraded its rating on emerging market equities to "overweight" from "neutral" on Monday, citing easing U.S.-China trade tensions and a softer dollar. Last week, the U.S. and China agreed to a 90-day tariff reduction, with the U.S. cutting duties on Chinese goods to 30% from 145% and China lowering tariffs on U.S. imports to 10% from 125%, fuelling hopes of easing global trade tensions.

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2025/05/16

US stock market gains may slow after torrid rebound from tariff swoon

S&P 500 erases losses for year after US-China trade truce P/E ratio on S&P 500 reaches two-month high 2025 corporate profit growth estimates trend lower since January

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2025/05/15

Oil prices drop on US-Iran progress; global shares gain in choppy trade

Oil prices tumble Fed chair warns of a period of 'more frequent' shocks European shares recover to end higher

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2025/05/14

S&P 500 barely gains, investors focus on trade, wait for data

Indexes mixed: Dow off 0.21%, S&P 500 up 0.10%, Nasdaq up 0.72% American Eagle Outfitters drops after withdrawing FY forecast AMD gains after announcing $6 billion buyback plan

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2025/05/13

Gold rebounds on bargain-hunting, softer US inflation data

US consumer price index increased 0.2% last month Markets expect Fed to resume policy easing in September US and China on Monday agreed to pause trade war

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2025/05/12

Stocks, dollar surge as US and China agree 90-day tariff relief

U.S. and China reach deal to temporarily slash tariffs Wall Street stocks leap Dollar jumps 2% against Japanese yen, Swiss franc tumbles Gold drops sharply after stunning rally, government bonds weak

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2025/05/09

Wall St closes near flat with focus on US-China talks

Fed officials: tariffs to boost inflation, slow growth this year Expedia falls after soft US travel demand leads to revenue miss Trump suggests 80% tariffs on Chinese goods, currently at 145% Indexes: Dow down 0.29%, S&P off 0.07%, Nasdaq flat

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2025/05/09

Pinterest shares surge as strong ad spend defies tariff uncertainty

Pinterest (PINS.N), opens new tab shares jumped more than 11% on Friday, after a strong quarterly revenue forecast allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility. Its robust first-quarter revenue positions it alongside peers Reddit (RDDT.N), opens new tab and Facebook-parent Meta (META.O), opens new tab, which also saw strong top-line results at a time when deepening global trade tensions have clouded the outlook for many firms dependent on marketing spend.

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2025/05/08

Equities rise with dollar, bond yields on trade optimism after US-UK deal

Equities rise after US-UK trade deal announcement Investors eye US-China weekend talks US dollar advances with bond yields, oil settles up BoE cuts UK rates, Sweden and Norway hold rates

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