Tag: trump

U.S. Stocks Set to Drop with Focus on Fed, Oil-Price Fall

U.S. stock futures were pointing to losses early on Monday after the S&P 500 notched its longest winning streak in more than 20 years last week, with investors looking ahead to the Federal Reserve meeting. S&P 500 futures were dropping 0.6% and Nasdaq 100 futures were falling 0.6%. The key event of the week for investors will be Federal Reserve Chair Jerome Powell’s remarks Wednesday, following a two-day meeting of the Fed’s rate-setting committee, where the central bank is widely expected to keep interest rates steady despite President Donald Trump’s call for an immediate cut.

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Oil prices drop with most Asian markets closed for holidays

Oil prices fell Monday after the OPEC+ group of oil producing nations said it plans to increase output. During the weekend, the OPEC+ group of eight nations announced it will raise its output by 411,000 barrels per day as of June 1, stepping up production increases. The group said strong fundamentals were behind the decision, though analysts also speculated that it might reflect a desire to curry favor with U.S. President Donald Trump before he makes a visit to the Middle East later this month.

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3 Stocks in the S&P 500 Index Have Done the Unthinkable and Rocketed at Least 45% This Year Despite Trump's Tariffs

Broadly speaking, it’s been a tough and volatile year for the stock market. President Donald Trump’s first 100 days proved tumultuous for the stock market. Trump instituted tariffs in his bid to bring more manufacturing jobs back to the U.S. and shake up global trade.

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