Trump: ‘The House and Senate are going to pass the largest tax cut in American history.’
Long straddle options: 'Buy both of them,' strategist says
Stocks (^IXIC, ^DJI, ^GSPC) close the day in the green as the start to Donald Trump's second term as President of the United States is off and running. Timothy Chubb, Girard Advisory Services Executive VP & chief investment officer, joined Julie Hyman and Josh Lipton on Market Domination to discuss his market outlook under Trump. "US exceptionalism and ultimately growth in the United States is expected to be quite a bit higher than the rest of the global economy," says Chubb when discussing what to expect from markets this year. Nvidia (NVDA) and other chip stocks jumped on Wednesday following Trump’s announcement of a massive $500 billion AI infrastructure project. When asked about investing in AI, Chubb says "We're still in the very early innings of AI adoption. And in fact, I think 2025 may be a really key year." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
Stocks (^GSPC, ^IXIC, ^DJI) are rising thanks to strong earnings and tech optimism. Liz Miller, founder of Summit Place Financial Advisors, joins Wealth to explain why investors can feel confident entering the market now, as uncertainty starts to ease and positive economic trends emerge. "We know there was a lot of cash on the sidelines all throughout last year from investors who sort of felt like they missed it [market gains] and kept saying ‘is now too late?’" Miller says. “But, you know, one of the big things we're seeing today and really over the last day or two is that the market was a little bit sideways the beginning of this year with uncertainty is now breaking out," adding that the uncertainty will start to fade over time. Watch the video above, to hear Miller also speak on the importance of balancing Federal Reserve policy with fiscal policy, especially concerning tariffs. To watch more expert insights and analysis on the latest market action, check out more Wealth here. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
To get the latest market news check out finance.yahoo.com US stocks gained on Tuesday, with the Dow Jones Industrial Average (^DJI) rising back above 44,000 and the S&P 500 topping the 6,000 level as investors digested President Donald Trump's first policy moves, with promised tariffs on Mexico and Canada front of mind. The Dow led stocks higher, with the index rising more than 500 points, up over 1.2%, on the heels of solid earnings from 3M Company (MMM). The benchmark S&P 500 (^GSPC) moved up nearly 0.9%, while the Nasdaq Composite (^IXIC) climbed about 0.6% despite wobbly performances from Tesla (TSLA) and Apple (AAPL). Nvidia (NVDA) shares inched up more than 2% after a shaky start to the session. Wall Street braced for volatility as the new president storms ahead with executive orders and actions, with energy and trade center stage. Tuesday was the first day of trading in Trump's second term, as US markets were closed Monday for the Martin Luther King Jr. holiday. Markets got a dose of relief as Trump held off from firing off the barrage of universal tariff hikes expected by many on his first day in office. But Trump then hinted late Monday that he was looking at imposing 25% duties for Mexico and Canada starting Feb. 1. Meanwhile, the 10-year Treasury yield (^TNX) fell about 4 basis points to around 4.57% on Tuesday, recovering somewhat from a deeper drop in Asia trading. The next batch of quarterly earnings will provide more food for thought for investors. Netflix (NFLX) is expected to deliver strong results when it reports after the bell. For more on this article, please visit: https://finance.yahoo.com/news/live/stock-market-today-dow-gains-500-points-stocks-close-near-records-as-trump-holds-off-on-tariffs-210210355.html
To get the latest market news check out finance.yahoo.com US stocks closed lower Thursday, as the major indexes struggled to build on the previous day's surge amid another round of big bank earnings and a slide in tech stocks. Investors also watched the Capitol Hill confirmation hearing of President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent. The S&P 500 (GSPC) fell about 0.2%, while the Dow Jones Industrial Average (DJI) slipped more than 0.1%. The tech-heavy Nasdaq Composite (IXIC) fell almost 0.9%, leading the way down, as several large-cap tech stocks like Nvidia (NVDA) and Tesla (TSLA) underperformed. Markets were coming off a major one-day rally on the heels of a surprise easing in consumer inflation that prompted questions about whether the pricing out of interest-rate cuts this year had gone too far. Stocks ripped higher on Wednesday on the back of the data and stellar earnings from major US lenders. Traders have now ramped up bets that the Federal Reserve lowers rates before July, reversing the pile-out that was sparked by the stronger-than-expected December jobs report. Retail sales for December grew by 0.4%, versus expectations of 0.6%. The monthly gain slowed from November’s 0.7% increase. Meanwhile, Bank of America (BAC) results showed fourth quarter profit more than doubled as the bank benefitted from a Wall Street dealmaking revival that has also boosted earnings at its rivals. Its shares were down less than 1% on the day. Morgan Stanley's (MS) stock rose more than 4% after it posted a surge in quarterly profit before the bell. Elsewhere in earnings, UnitedHealth's (UNH) fourth quarter revenue fell short of estimates, dented by weakness in its health insurance unit. The stock slid about 6%. Also taking focus Thursday was the Senate Finance Committee hearing on Bessent's confirmation. Some of the topics touched upon during the meeting included tariffs, debt concerns and tax plans. For more on this article, please visit: https://finance.yahoo.com/news/live/stock-market-today-nasdaq-slide-leads-stocks-lower-with-earnings-bessent-confirmation-hearing-in-focus-143119643.html
At the 2025 World Economic Forum in Davos, Switzerland, Bank of America (BAC) CEO Brian Moynihan sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss President Donald Trump's return to the White House and what it means for Bank of America and its clients. Moynihan highlights that Bank of America's business customers are broadly optimistic about Trump 2.0. "We have thousands and thousands, millions of business clients. I think they believe there's an opportunity here that the tax regime will stay in place, which is an advantage in the United States, that the regulatory environment will move back to the center, and that the opportunities off of that because the president of the United States are high." "That to me is, from the business side, that's the major part of this message, which is less regulation tax, regime stable, investments in America," he tells Yahoo Finance, adding, "For mid-sized companies and small companies in America, that's great news." Watch the video above to hear Moynihan discuss his concerns about the growing national deficit, his expectations for banking and crypto regulation under Trump 2.0, and more. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
‘You gotta have money to make money,’ FRsix CEO explains
As we look ahead to the shifting political landscape, much regulatory uncertainty surrounds President-elect Donald Trump's incoming administration. Scott Clemons, BBH partner and chief investment strategist, joins Josh Lipton and Alexandra Canal on Market Domination to offer his insights on the economic outlook under this new phase. "I think it’s safe to say that we're entering a new phase of deregulation," Clemons says. "What's also uncertain is how much [Trump] can accomplish by executive order ... and how much he's going to need to rely on Congress." Regarding tariffs, Clemons notes, "If he steps in and proposes blanket tariffs as a matter of economic policy ... I think he'll end up getting his way." The strategist predicts no rate changes will occur when the Fed meets next week, and notes that two months will pass until the next Fed meeting. "I think that March 19th meeting, which I've circled in red on my calendar, it's probably the most important Fed meeting of the year," Clemons explains. "That's going to give us some indication as to how the Fed sees that balance of potential rising inflationary pressures, but also some economic storm clouds gathering." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance