Investors are looking for signs the selling in the U.S. stock market may have reached a crescendo, but say that the check marks are not yet all ticked and there is room for further pain.
Holly Peterson, a journalist based in New York City, writes the Earn Your Luck column for WSJ. Magazine and contributes lifestyle reporting and topical essays to The Wall Street Journal.
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On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years.
The stock market saw its worst day since March 2020 on April 3, the day after President Donald Trump announced the global tariffs rollout.
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There’s blood on the streets. It’s unbelievable; they know nothing’ - ‘The formula they used for these numbers to measure the trade deficit, it’s like ‘apples, oranges, a couple of cashews, divided by ten,
Wall Street bonuses surged 31% last year on rising markets and a rebound in dealmaking activity, delivering a boon for the industry’s hometown economy. Some are already wondering how long it is going to last.
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U.S. stocks whipped through another dizzying day of trading, but the mood on Wall Street turned sour after President Donald Trump unveiled sweeping new tariffs against nearly all U.S. trading partners,
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That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.
One of Wall Street’s best-known traders said there was “blood on the streets” at the New York Stock Exchange as the markets dealt with the worst day since COVID amid President Trump’s trade war. Peter Tuchman,
Wall Street banker bonuses rose 31.5% to an average $244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said on Wednesday.
The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as allies and adversaries alike criticized President Trump’s action and weighed their responses.