Wayne Duggan

1 month ago | money.usnews.com | Wayne Duggan |Brady Porche

From Feb. 19, 2020, to March 23, 2020, the S&P 500 dropped from 3,386.10 to 2,237.40, losing 33.9% of its value. The global outbreak of COVID-19 understandably rattled financial markets, triggering economic shutdowns and widespread fears about the virus's impact. Related: Sign up for stock news with our Invested newsletter. Fortunately, the S&P 500 recovered to new all-time highs by August 2020 and is now up about 150% from its COVID lows.

2 months ago | money.usnews.com | Wayne Duggan |Jordan Schultz

After a strong fourth quarter, unpredictable U.S. policy decisions, a growing trade war and a softening macroeconomic environment have weighed on the U.S. dollar so far in 2025, sending the U.S. Dollar Index down 4.4% through March 14. Related: Sign up for stock news with our Invested newsletter. The dollar tends to outperform when the economy is booming and the Federal Reserve is raising interest rates. However, the bond market is pricing in three more Federal Reserve interest rate cuts in 2025.

2 months ago | money.usnews.com | Wayne Duggan |Aaron Davis

The U.S. economy was on relatively solid footing heading into 2025, but a growing trade war and aggressive government layoffs have shaken up the economic outlook. The Federal Open Market Committee's (FOMC) latest long-term economic projections from December 2024 still suggest a soft landing for the U.S. economy that includes slowing gross domestic product growth but no recession.

2 months ago | msn.com | Wayne Duggan

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2 months ago | money.usnews.com | Wayne Duggan |Jordan Schultz

One of President Donald Trump's first actions in his second term was to put controversial Tesla Inc. (ticker: TSLA) CEO Elon Musk in charge of the new Department of Government Efficiency (DOGE). DOGE has been tasked with implementing aggressive federal spending cuts across several government agencies. Related: Sign up for stock news with our Invested newsletter.