Market Turmoil: Understanding the Impact of Trump’s Trade Wars
As the world grapples with the consequences of Trump’s trade wars, investors are left wondering what it means for their portfolios. On Tuesday, the Dow Jones Industrial Average and other major indexes saw mixed trading, reacting to the morning’s employment data.
Job Openings and Labor Turnover Survey Reveals Surprising Numbers
The U.S. Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) report showed job openings at a rate of 7.744 million, slightly higher than the expected 7.49 million rate in October. This news sent ripples through the market, with the 10-year Treasury yield ticking lower to 4.18%.
Tech Stocks Take a Hit
Tesla (TSLA) was an early loser, dropping 1% after a Delaware judge rejected CEO Elon Musk’s 2018 pay package. Meanwhile, Nvidia’s AI armor began to crack, causing concern among investors. Apple, on the other hand, broke out, eclipsing Nvidia in the race for year-end number one.
Earnings Movers and Shakers
Credo (CRDO) soared 36% after releasing its earnings report, while Zscaler (ZS) stock plunged more than 5% in early trading. AT&T (T) jumped 3.5% after announcing its free cash flow expectations for 2027.
Stocks to Watch
Embraer (ERJ), Cloudflare (NET), TJX (TJX), and Tradeweb Markets (TW) are among the top companies to watch on the stock market today. Dow Jones components making notable moves include Apple (AAPL), Microsoft (MSFT), and Sherwin-Williams (SHW).
Industry Insights
The Industry Group, featuring four IPOs, has polished 20 ‘perfect’ gems. Dow Jones leader Sherwin-Williams is breaking out past a 392.57 buy point in a flat base, according to MarketSurge pattern recognition.
Navigating the Stock Market Today
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