Horizon Wealth Management

2025/04/11

Gold soars past $3,200 as trade war deepens, dollar loses ground

Bullion is up over 6% this week China raised tariffs on U.S. imports to 125% U.S. monthly producer prices unexpectedly fell in March

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2025/04/10

US stocks, dollar drop on lingering tariff worries, a day after relief rally

US stocks fall after Wednesday's rally, with S&P 500 down 3% Europe, Asia stocks end higher after Trump pauses most tariffs Bond market rout stabilizes while gold prices hit high

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2025/04/09

In stunning U-turn, Trump walks back some tariffs, triggering historic market rally

Trump announces sudden reversal on tariffs Most country-specific tariffs paused, but duties raised on China imports US Treasury Secretary Bessent says strategy is deliberate Stocks rise sharply, but uncertainty remains

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2025/04/08

S&P 500 hits lowest close in almost a year as hopes wane for tariff concessions

Indexes fall: Dow 0.84%, S&P 500 1.57%, Nasdaq 2.15% S&P 500 markets biggest 4-day loss since its creation Major health insurers rise after Medicare payment rate boost Big bank earnings set to begin later this week

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2025/04/07

BofA, Oppenheimer latest on Wall St to slash S&P 500's annual target

April 7 (Reuters) - BofA Global Research and Oppenheimer Asset Management on Monday became the latest Wall Street research firms to cut their year-end targets for the S&P 500 index to below the 6,000 mark in response to risks from a deepening global trade war. Oppenheimer reduced its target for the benchmark index (.SPX), opens new tab to 5,950 from 7,100 target, while BofA reduced to 5,600 from 6,666, making it one of the lowest on Wall Street.

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2025/04/04

Financial markets face fear, shellshock as global trade war looms

Wall Street 'fear gauge' closes at 5-year high Nasdaq enters bear market as stocks slump over 10% in two days Euro volatility spikes, dollar swings amid tariff news FX and bond market volatility jump US sovereign credit default swaps on the rise

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2025/04/03

Wall Street ends with heavy losses on fears Trump tariffs will trigger recession

All three benchmarks slump after Trump tariffs announcement Apple leads declines among Big Tech Retail stocks sink on Asia tariff worries Wall Street fear gauge hits 3-week high

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2025/04/03

Trump's tariffs provoke trade war threats, fears of pricier iPhones

Trump officials defend 10% base tariff on imports Stock markets have worst day since 2020 as recession fears mount Canada institutes countermeasures, China and EU say they will follow See Reuters Live coverage on the tariffs here

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2025/04/02

Wall Street ends up, but Trump tariff speech sends futures lower

Trump unveils 10% baseline tariff on all imports at key speech S&P, Nasdaq futures reverse gains, portend big drops on Thurs Indexes up before speech: Dow 0.56%, S&P 500 0.67%, Nasdaq 0.87%

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2025/04/01

CoreWeave shares soar past IPO price on third trading day

Artificial intelligence startup CoreWeave's (CRWV.O), opens new tab shares closed up 42% at $52.57 on Tuesday, their third day of trading, above their initial public offering price of $40. At close, the company added more than $7 billion to its market value.

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2025/03/31

Trading Day: Wall Street shakes off tariff trepidation

NEW YORK, March 31 (Reuters) - Making sense of the forces driving global markets Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what moved markets today.

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2025/03/31

Aston Martin gets $162 million funding boost to counter losses, Trump tariffs

Yew Tree Consortium to invest 52.5 million pounds Chairman Stroll's stake to rise to 33%, eyes up to 35% Aston Martin revises volumes forecast due to tariff impact

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2025/03/28

Gold prices soar to all-time high over trade war concerns

Spot gold hits 18 record highs so far this year US PCE at 0.4% in February Silver, platinum & palladium headed for weekly gain

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2025/03/27

Trump's auto tariffs will hit many companies, but Elon Musk's Tesla less so

Tesla less affected by tariffs due to domestic production Tesla imports some parts, but less reliant on foreign components Musk's ties to Trump may impact Tesla's global reputation

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2025/03/26

GameStop's crypto pivot boosts shares of one-time retail investor favorite

March 26 - GameStop (GME.N), opens new tab jumped on Wednesday as the shares that were once at the center of "meme stock" trading frenzy caught investor attention again with the video game retailer making its move into cryptocurrencies. The company's shares rose 12% before the bell after GameStop said it would invest in bitcoin, with its primary brick-and-mortar retail business struggling to draw customers amid the prevalence of digital downloads and e-commerce.

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2025/03/25

Stocks edge higher, US dollar slips as tariff uncertainty weighs

Dollar dips after hitting three-week high Stocks rise modestly after strong rally German business sentiment improves

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2025/03/24

Stocks jump, US Treasury yields climb on tariff optimism

Major U.S. indexes up more than 1% Reports suggest Trump tariffs may be targeted Bostic sees only one Fed cut this year

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2025/03/21

Dow, S&P end flat, Nasdaq snaps four-week decline on tariff hopes

Nike dips on bleak revenue outlook FedEx tumbles after results, outlook Boeing jumps after fighter jet contract award Indexes up: Dow 0.08%, S&P 0.08%, Nasdaq 0.52%

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2025/03/21

Gold dips on higher dollar, still eyes third weekly gain

Gold hit record high of $3,057.21/oz on Thursday Silver, platinum, palladium poised for weekly declines US dollar hit its highest level since March 7

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2025/03/20

Elon Musk issued summons in SEC case over Twitter stake disclosure

March 20 (Reuters) - Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with the Securities and Exchange Commission's lawsuit against him, a court filing on Thursday showed. A process server gave the civil summons and other documents on March 14 to a security guard at the Brownsville, Texas, headquarters of SpaceX, the space technology company of which Musk is CEO, the filing said. An answer is due on April 4, according to the docket.

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