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What Happened: According to an iShares MSCI World ETF (NYSE:URTH) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a “Golden Cross” for the first time since January 2023.

Stocks rose on Monday as traders closed out a stunning month with even more record highs. Monday marked the last day of June, a month in which the major averages have staged a sharp recovery back to record levels. The S&P 500 rose nearly 5% in the month, while the tech-heavy Nasdaq jumped more than 6%. The Dow added about 4% in June.

NEW YORK -- The S&P 500 closed at an all-time record high on Friday afternoon, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East. Despite stocks dipping slightly after President Donald Trump's announcement that the U.S. would end all trade talks with Canada, the S&P 500 recovered to close at a record high -- 6,173. Previously, the all-time high closing price was 6,144.

US stock futures fell Thursday as an Israeli attack on Iran shook global markets, leading oil prices to spike as the Israeli defense minister declared a state of emergency. Futures attached to the Dow Jones Industrial Average (YM=F) dropped 1.5%. S&P 500 futures (ES=F) plunged 1.6%, and those attached to the tech-heavy Nasdaq 100 (NQ=F) sank 1.7%. On Thursday night, Israel conducted what it called a "preemptive strike" against Iran, citing fears over development of nuclear weapons in Tehran. Explosions erupted across the Iranian capital, reports said. Crude oil (CL=F) soared 8% as the strikes hit the third largest producer...

Say, weren't we supposed to fall into the Tariff Apocalypse this month? See runaway inflation? According to the Chicken Littles, the consumers were poised to flee the consumer-driven economy as a trade war ravaged Middle America. Looks like consumers missed the memo on the Tariff Apocalypse. After a hiccup on Liberation Day, the economic indicators all trend in the right direction this month. For example, the runaway inflation not only failed to show, inflation has actually gone down the last three months, including Liberation Month. Today's PCE Index report shows the best month for consumers on prices in months. At...

Nuclear power stocks surged Friday after President Donald Trump signed executive orders to overhaul the Nuclear Regulatory Commission and speed the deployment of new reactors in the U.S. Advanced reactor companies Oklo and NuScale jumped more than 27% and 18%, respectively. Constellation Energy, the largest nuclear operator in the U.S., was up more than 2%. Cameco Corp, one of the biggest uranium miners in the world, rose more than 10%. Trump said the orders focus on small advanced reactors that are viewed by many in the industry as the future. But the president also said his administration supports building large...

Billionaire investment manager Ray Dalio has warned that the risks of US debt go beyond credit ratings amid the US government's mounting debt in the current economic scenario. The founder of one of the world's largest hedge funds said that regarding the US debt downgrade, credit ratings understate risks because they rate the risk of the government not paying its debt. According to Dalio, credit rating agencies do not include the greater risk that countries in debt will print money to pay their debts, thus causing bondholders to suffer losses from the decreased value of the money they are getting...

Solar stocks plunged on Thursday after House Republicans passed a tax bill that terminates key clean energy credits. Residential solar installer Sunrun plummeted more than 35%. The legislation ends tax credits for installers like Sunrun that lease equipment to customers. The GOP bill is a “worse than feared” scenario for clean energy, as it takes a “sledgehammer” to the Inflation Reduction Act, Jefferies analysts led by Julien Dumoulin-Smith told clients in a note. Some 70% of the rooftop solar industry now uses lease arrangements, making the bill disastrous for companies like Sunrun, Guggenheim analyst Joseph Osha told clients. Enphase and...

U.S. stocks leapt after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 3.3% Monday. The Dow Jones Industrial Average rose more than 1,100 points, and the Nasdaq composite rallied 4.3%. Hopes for an economy less encumbered by tariffs also sent crude oil prices higher. The U.S. dollar strengthened against other currencies, and Treasury yields jumped on expectations the Federal Reserve won’t have to cut interest rates so deeply this year in order to protect the economy.

Drugmakers' shares fell globally after President Trump said he would sign an executive order to lower the cost of prescription drugs. Shares of Japan's Daiichi Sankyo, which gets about a third of revenue from the U.S., dropped around 8%. Other Japanese drug stocks also fell.

The stock market rallied Friday after a stronger-than-expected jobs report eased concerns that President Donald Trump’s sweeping tariffs could tank the U.S. economy, with the S&P 500 and Dow Jones Industrial Average extending their winning streaks to nine days.The S&P 500 closed at 5,686.67 — up about 1.5 percent for the day — and has now recovered all the ground it had lost since April 2, when Trump announced plans for sweeping tariffs. The Dow jumped more than 500 points to close 1.4 percent higher. The tech-heavy Nasdaq composite index gained 1.5 percent.Friday’s strong jobs report boosted Wall Street’s confidence...

Democrats have been trying to attack President Donald Trump over the economy. The problem with this tactic is that they keep getting refuted by the facts. Another big fact knocked out their narrative on Friday: the latest jobs numbers. Employers across the U.S. added 177,000 jobs to non-farm payrolls in April. 🚨 CNBC: "Nonfarm payrolls — a GREATER 177,000. We were expecting... 133,000." pic.twitter.com/cs4TLSAvs1— Rapid Response 47 (@RapidResponse47) May 2, 2025That's a "better than expected" number; they were thinking it was going to be around 133,000. Unemployment remained the same at 4.2 percent. Economist Stephen Moore pointed to the household...

April was not the cruelest month for investors—although the tariffmageddon-obsessed naysayers may be smarting. Despite a month of wild swings and gloomy forecasts, U.S. stock markets ended April nearly flat, brushing off predictions that Trump’s trade policies would trigger a historic collapse. The S&P 500 finished the month down just 0.8 percent. The Dow dropped 2.1 percent, and the Nasdaq edged lower by 0.3 percent. That mild performance stood in stark contrast to a mid-April Wall Street Journal article that warned of a “Trump rout” and suggested the Dow was on track for its worst April since 1932. It wasn’t....

President Donald Trump’s first 100 days haven’t even been completed yet and CNN is already whipping out "Great Depression" scare porn to describe the current stock market under his administration. No, you didn’t misread that. “We’re suddenly talking about the Great Depression when discussing Trump’s stock market,” read the insane April 22 headline of CNN Business Executive Editor David Goldman’s latest anti-Trump flapdoodle. “Trump’s stock market is throwing off some jaw-dropping statistics. How extraordinary? We’re now making comparisons to the Great Depression,” he continued. Making freakishly outlandish claims seems to be a trend for Goldman, as he’s the same so-called...

If Donald Trump is upset about higher interest rates, he should stop doing just about everything he can to undermine the U.S. economy in the eyes of the world. As the U.S. becomes a riskier place to do business because of tariffs and fiscal uncertainty, and the independence of the central bank comes under threat from the president, people will demand higher yields to make buying U.S. sovereign debt worth their while. Maybe you think Trump’s trade policy has merit or the Federal Reserve needs to be brought more firmly under the president’s control. That’s a separate question from how...

If the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman. Monday was the first full trading day for markets to absorb National Economic Council director Kevin Hassett’s comments Friday that the White House is studying if Mr. Powell can legally be fired. On Monday Mr. Trump demanded again that Mr. Powell make “pre-emptive” interest rate cuts to avoid a slowdown. Cue the meltdown in stocks,...

The Dow plunged more than 1,100 points as President Trump intensified his attacks on the Federal Reserve’s independence — calling chairman Jerome Powell “a major loser” for not lowering interest rates. The Dow Jones Industrial Average was recently off 1,084.93 points, or 2.8%, at 38,057.30 in midday trades after plunging losing 1,406 points during the previous holiday-shortened week. US markets were closed on Friday in observance of Good Friday. The S&P 500 on Monday fell 2.9% and the Nasdaq slipped 3.1%. In a fiery Truth Social rant on Monday, Trump once again called for the Federal Reserve to slash interest...

Gold gains some ground despite U.S. dollar’s rebound as traders focus on the continuation of the pullback in Treasury yields. From the technical point of view, gold needs to settle above the resistance at $3235 – $3245 to gain additional upside momentum in the near term. Silver remains stuck below the 50 MA at $32.51 as traders wait for additional catalysts. If silver moves back below the $32.00 level, it will head towards the nearest support at $31.45 – $31.75. Platinum tests new highs as rally continues amid tariff optimism. Platinum is heading towards the nearest resistance at $960 –...

The anti-Trump media are pounding the drums, trying to drive people into a panic by contending that Trump’s tariffs are a Smoot-Hawley moment combined with a 1929-style stock market crash. It is, they suggest, a perfect storm of Trump-created economic devastation. What they’re not telling people—indeed, what they may not know themselves—is that the situation is different, both as regards the stock market and what happened with the Smoot-Hawley tariffs. I’ll start with the latter first. First, as Van A. Mobley explains with great clarity, it’s dishonest to compare Trump’s tariffs to the Smoot-Hawley Act. The difference is that, in...

US stocks fell on Friday as China struck back at President Trump’s latest tariff with a total 125% tax — further escalating trade tensions between the two nations. The Dow Jones Industrial Average lost 254 points, or 0.6%, after plummeting 1,014.79 the day before. The index has been on a wild ride over the past week as markets struggle to absorb back-and-forth trade war news, plunging more than 4,000 points after Trump revealed his so-called “reciprocal” tariffs last Wednesday, then recovering more than 1,500 points this week after he announced a 90-day pause on most of his harsher tariffs. The...