Ron Haruni

United States

Co-Founder and Editor-in-Chief at Wall Street Pit

Breaking news and analysis from Wall Street Pit. Stock market, economy, politics, technology, science, health and world news.

Featured in: Favicon

wallstreetpit.com

Articles

Wall Street Bull Predicts 10% S&P 500 Rally by End of 2025

4 days ago | wallstreetpit.com | Ron Haruni

BMO Capital Markets’ Brian Belski raised his S&P 500 (SPX) year-end target to 6,700 from 6,100, forecasting a 10% rally from current levels near an all-time high. Tariff fears have eased with the U.S. tariff rate dropping from over 25% to 14%, per the Yale Budget Lab, prompting eight of 11 Wall Street firms to lift their 2025 S&P 500 targets after April’s sell-off.
Futures Slip as Traders Eye Oil Prices, Iran’s Reaction to U.S. Strike

5 days ago | wallstreetpit.com | Ron Haruni

U.S. strikes on Iran’s nuclear facilities escalated Middle East tensions, with stock futures declining as Dow Jones Industrial Average futures fell 100 points (0.24%) to 42,415.00, S&P 500 futures dropped 10 points (0.16%) to 6,008.50, and Nasdaq-100 futures slipped 43 points (0.20%) to 21,804.50.
$6.5 Trillion Triple Witching Sparks Volatility Warning

1 week ago | wallstreetpit.com | Ron Haruni

A $6.5 trillion notional value of U.S.-listed options, including $4.2 trillion in index options, $708 billion in ETF bets, and $819 billion in single stock options, will expire on Friday during a “triple witching” event, potentially increasing stock market volatility next week.
Futures Flat as Fed Focus Overtakes Middle East Tensions

1 week ago | wallstreetpit.com | Ron Haruni

U.S. stock futures showed mixed performance, with S&P 500 futures up 6 points to 5,990.50 and Nasdaq 100 futures rising 37 points to 21,781.75, while Dow futures remained nearly flat at 42,231.00, amid heightened geopolitical tensions and anticipation of the Federal Reserve’s interest-rate decision.
Futures Rebound as Oil Backs Off War Highs

1 week ago | wallstreetpit.com | Ron Haruni

U.S. stock futures rose on Monday, with Dow futures up 168 points, S&P 500 futures up 29 points, and Nasdaq 100 futures up 121 points, signaling a rebound from Friday’s sell-off driven by easing fears of a broader Israel-Iran conflict.
Dow Futures Dive 400 Points as Israel-Iran Conflict Sends Oil Prices Soaring

2 weeks ago | wallstreetpit.com | Ron Haruni

U.S. stock futures fell sharply, with Dow Jones futures declining 427 points or 0.99% to 42,563.00, as Israel’s airstrikes on Iran’s nuclear facilities escalated tensions, driving crude oil prices up $5.04 or 7.41% to $73.08 per barrel.
Lutnick Confirms No Change in U.S. Tariffs on China Following Trade Talks

2 weeks ago | wallstreetpit.com | Ron Haruni

U.S. tariffs on Chinese imports will remain at 55%, combining a 30% blanket rate and 25% on specific products, while China’s tariffs on U.S. goods stay at 10%, as confirmed by Commerce Secretary Howard Lutnick and President Donald Trump. Recent U.S.-China trade talks in London, following a Geneva truce, secured China’s commitment to supply magnets and rare earths to U.S. companies, though only with temporary six-month licenses, creating supply chain uncertainty.
Stock Futures Dip as U.S.-China Set Trade Talks Framework

2 weeks ago | wallstreetpit.com | Ron Haruni

U.S. stock futures dipped, with S&P 500 futures down 0.27% to 6,028.00, Nasdaq 100 futures off 0.31% to 21,896.50, and Dow Jones futures declining 0.32% to 42,772.00, as investors cautiously assessed a tentative U.S.-China trade framework awaiting approval from Presidents Trump and Xi. The May consumer price index, due at 8:30 a.m. ET, is expected to show headline inflation at 2.4% month-on-month and core inflation at 2.9% year-on-year, with potential tariff-driven cost increases under...
Morgan Stanley's Wilson: Stocks Likely to Have Hit Bottom

2 weeks ago | wallstreetpit.com | Ron Haruni

Morgan Stanley’s (MS) Chief Equity Strategist Mike Wilson maintains a 12-month S&P 500 target of 6,500 points, implying an 8% gain, and believes trade issues with China won’t derail market momentum unless tensions re-escalate significantly. Wilson advises focusing on improving economic data over noisy headlines, noting the market bottomed post-Liberation Day, but acknowledges risks of a weaker Q2 and a potential 5 to 7% correction if rates exceed 4.5% or earnings disappoint.
Tesla Slumps as Trump Feud Triggers Pair of Downgrades

2 weeks ago | wallstreetpit.com | Ron Haruni

Tesla Inc. (TSLA) shares dropped 2.40% to $288.05 in early trading, contributing to a 27% year-to-date decline in 2025 following downgrades from Argus Research and Baird due to uncertainties tied to Elon Musk’s dispute with President Donald Trump.