US stock futures flat on debt worries
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US stocks rose on Friday, notching weekly wins across the major averages after an easing in US-China trade tensions. Investors also eyed President Trump's sweeping tax and spending bill, which failed to clear a key hurdle Friday,
US Stock market today opened with a cautious rise as Dow, S&P 500, and Nasdaq futures edged up while investors closely track Trump’s new tax bill and rising debt worries. The proposed legislation, which could add trillions to the $36 trillion deficit,
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Investor's Business Daily on MSNStock Market Today: Dow Jones Crashes 800 Points As Yields Spike And Trump Bill Goes To Vote; Google Charges Higher As Bitcoin Soars (Live Coverage)Dow stocks fell 400 points as yields rose in trading Wednesday. Nvidia edged higher while Tesla rose ahead of a robotaxi launch in June.
Wall Street analysts have downwardly revised their earnings estimates since President Trump took office because tariffs are expected to be a headwind to economic growth. The consensus estimate in January said S&P 500 companies would report 14% earnings growth in 2025, but analysts now expect 8.5% earnings growth, according to LSEG.
The boss of Wall Street’s biggest bank fears that extreme complacency crept into the market as investors shook off last month’s tariff scare. Wall Street strategists say he might be on to something.
India's equity markets would look to end the week on a high as earnings season draws to a close and expiry-related volatility is out of the way, even as global markets remain nervous. A sharp sell-off on Wall Street on Wednesday night,
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"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.
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Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day. Futures for the Dow Jones Industrial Average fell 0.5% in premarket trading, while futures for the S&P 500 and Nasdaq each slid 0.3%.