Horizon Wealth Management

2025/03/19

Gold soars to record high after Fed holds rates steady, signals two cuts in 2025

Spot gold hits an all-time high of $3,051.99/oz US rate futures price in two rate cuts in 2025 Fed likely to resume rate cuts in June

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2025/03/18

Wall Street ends lower on tariff worry as Fed decision eyed

Nvidia falls as annual software developer conference gets underway Tesla drops after RBC lowers price target Alphabet declines after $32 billion deal to buy Wiz Indexes down: Dow 0.62%, S&P 500 1.07%, Nasdaq 1.71%

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2025/03/17

Trading Day: Global rebound enters day two, Wall St lags

ORLANDO, Florida, March 17 (Reuters) - Making sense of the forces driving global markets Global equity markets on Monday kept up the positive momentum initiated by Friday's rebound, as investors parked their concerns over escalating global trade tensions and hoovered up cheap and beaten down stocks.

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2025/03/16

Wall St Week Ahead Fed on tap for tariff-jolted market as investors look for calm

Fed expected to hold rates steady on Wednesday Markets expect more easing later in 2025 Tariff news expected to stay at forefront for stocks

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2025/03/14

Gold pops above $3,000/oz for first time in historic safe-haven rally

Cenbank gold buying will remain structurally higher, Goldman says Spot gold hits record high of $3,004.86 US central bank policy meeting due next week

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2025/03/14

Stocks suffer biggest weekly outflow this year in 'risk-off' move, BofA says

LONDON, March 14 (Reuters) - Investors pulled $2.8 billion from stock funds in the week to Wednesday in the biggest weekly outflow this year, Bank of America said on Friday, in a sign of a souring of the mood in global financial markets. The U.S. S&P 500 (.SPX), opens new tab stock index has now fallen more than 10% from its recent high, putting it into correction territory, as U.S. President Donald Trump's stop-start trade wars sow uncertainty among companies and investors.

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2025/03/13

Intel jumps nearly 15% as investors cheer appointment of new CEO Tan

Tan tasked with reviving Intel after AI-driven semiconductor boom missed Analysts optimistic about Tan's deep relationships in chip ecosystem Intel's market value stuck below $100 billion, analysts recommend 'hold' rating

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2025/03/12

S&P 500, Nasdaq end higher as cool inflation data calms tariff jitters

Intel jumps on report TSMC pitched JV to US chipmakers PepsiCo drops on brokerage downgrade CPI shows inflation cooled more than expected in February Indexes: Dow off 0.20%, S&P 500 up 0.49%, Nasdaq gains 1.22%

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2025/03/12

Wall St set to open higher as US inflation cools, but slowdown fears loom

Futures up: Dow 0.54%, S&P 500 1.0%, Nasdaq 1.44% Intel jumps on report TSMC pitched JV to US chipmakers February CPI rises 2.8%, lower than estimates

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2025/03/11

Trump says he will label violence against Tesla domestic terrorism

Tesla shares rise 4% after Trump's support for Musk Protests against Tesla linked to Musk's political role Musk pledges to double Tesla production in two years

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2025/03/11

Trump defends tariffs, meets corporate America as economic fears nip stocks

Business Roundtable has pushed for end to Trump trade war Meeting follows US stock market selloff Companies try to size up Trump's economic impact

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2025/03/10

US stock market loses $4 trillion in value as Trump plows ahead on tariffs

S&P 500 down over 8% from Feb 19 all-time high Nasdaq confirmed 10% correction from its Dec peak last week S&P 500 P/E moderates but still high vs historical average Delta Air Lines cuts forecast on growing economic uncertainty Tesla loses more than $125 bln in value in one day

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2025/03/10

Oil settles down 1.5% as tariffs prompt fears of slow demand

WTI and Brent benchmarks register multiple weekly declines IEA and OPEC monthly reports expected this week Saudi Aramco cuts crude prices to Asia

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2025/03/07

Wall St ends higher after Fed chief's comments, but posts big weekly loss

Hewlett Packard slumps after dour second-quarter forecasts Costco falls after retailer misses estimates Nonfarm payrolls increase by 151,000 in February

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2025/03/07

Iron ore ticks up, but posts weekly loss on tariff woes

SINGAPORE, March 7 (Reuters) - Dalian iron ore futures logged a weekly fall on Friday, despite snapping a nine-session losing streak on the day, weighed down by reports of steel production cuts in China and an intensifying trade war between Washington and Beijing. The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) added 0.19% to 774 yuan ($106.81) a metric ton. The contract fell 3.49% this week. The benchmark April iron ore on the Singapore Exchange was 0.04% higher at $100.4 a ton, losing 1.99% so far this week as of 0712 GMT.

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2025/03/06

As US chip darlings struggle, some bet on software as next big AI play

March 6 (Reuters) - U.S. chip stocks were the biggest beneficiaries of last year's artificial intelligence investment craze, but they have stumbled so far this year, with investors moving their focus to software companies in search of the next best thing in the AI play. Tariff-driven volatility and a dimming demand outlook following the emergence of lower cost AI models from China's DeepSeek have shifted the spotlight away from semiconductor shares.

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2025/03/05

US services sector expands; price growth accelerates amid tariffs

Services PMI increases 0.7 point to 53.5 in February Prices paid, new orders, employment measures rise Tariffs, federal government spending cuts causing anxiety Private payrolls rise 77,000, smallest gain since July

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2025/03/04

Nasdaq nears correction territory dragged down by trade tensions

Ford and General Motors fall Target drops on bleak FY forecast Walgreens jumps on reports of take-private deal Indexes down: Dow -1.55%; S&P 500 -1.22%; Nasdaq -0.35%

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2025/03/03

How would a US crypto strategic reserve work?

WASHINGTON, March 3 (Reuters) - U.S. President Donald Trump has given a first glimpse into what a U.S. cryptocurrency reserve could look like, saying the stockpile would include bitcoin and ethereum and a range of smaller tokens. Trump in January signed an executive order for the creation of a digital asset working group to explore the possibility of a strategic bitcoin reserve. Trump had directed the group to turn in a report by July addressing criteria for such a stockpile, potentially derived from cryptocurrencies seized by the federal government.

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2025/03/02

Wall St Week Ahead Rising investor angst about economy to be tested by US jobs data

February jobs report due on March 7, increase of 133,000 jobs expected Weakening US consumer, business indicators signal caution Investors assessing fallout from Trump plans to shrink federal workforce

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