Wall Street, Trump and stock indices
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Futures on Wall Street are looking to advance after China cited progress in trade talks with the US, stating that both sides will continue communicating. The Dow futures are up 30 points, S&P 500 futures are at the flat line,
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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"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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Dow Jones Industrial Average and S&P 500 are down, and the Nasdaq is up Thursday. The 10-year Treasury yield retreats.
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,
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.