Josh Schafer
Markets Reporter at Yahoo Finance
Markets reporter @YahooFinance via @Dailyorange. Say 👋[email protected]
Articles
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1 week ago |
finance.yahoo.com | Josh Schafer
The April jobs report showed the US labor market isn't rapidly cooling. But some on Wall Street still think an economic slowdown is likely underway, even if it's not showing up in mass layoffs or a large pickup in the unemployment rate.
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1 week ago |
ca.finance.yahoo.com | Josh Schafer
The S&P 500 (^GSPC) has recouped all of its "Liberation Day" losses with help from the longest winning streak for the benchmark index since 2004. But now, with the S&P 500 up about 14% from its April 8 low, Wall Street strategists aren't confident that a smooth path higher for the index will continue. "For now, fundamental and macro concerns are pushed out but not alleviated," Citi equity strategist Scott Chronert wrote in a note to clients.
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1 week ago |
finance.yahoo.com | Josh Schafer
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Mon, May 5, 2025, 2:11 PM 2 min read Warren Buffett is stepping down as CEO of Berkshire Hathaway (BRK-A, BRK-B) after leading the company to a mind-boggling run of stock outperformance against the S&P 500 (^GSPC). From 1965 to 2024, Berkshire Hathaway stock has returned 5,502,284%. In that same time period, the S&P 500, with dividends included, has provided a return of 39,054%.
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1 week ago |
ca.finance.yahoo.com | Josh Schafer
The US stock market is back. President Trump's April 2 "Liberation Day" reciprocal tariff announcements sent stocks tumbling. The S&P 500 (^GSPC) fell more than 10% over the next three trading days, marking one of the worst crashes since World War II. At its lows, the index was down over 19% from record highs reached in February. But just a month later, the index has made it all back. And then some.
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1 week ago |
finance.yahoo.com | Josh Schafer
Unlock stock picks and a broker-level newsfeed that powers Wall Street. In This Article: The April jobs report showed the US labor market remained resilient after Trump's "Liberation Day" reciprocal tariff announcements shook markets. The US economy added 177,000 nonfarm payrolls in April, more than the 138,000 expected by economists. The unemployment rate held steady at 4.2%. In March, the US economy added 228,000 jobs while the unemployment rate rose to 4.2%.
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RBC’s Blake Gwinn: “One fact that seems abundantly clear after today's price action is that if the goal of Trump's ‘firing Powell’ threats are to get lower yields, then the likelihood of success seems low.” https://t.co/A3zjBteOFn
