Wall St falls
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Stock Market Ignoring Trump’s Trade War
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House Speaker Mike Johnson said he plans to move ahead with a vote on Trump's tax legislation as soon as tonight despite Republican lawmakers in the House Fr
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S.C., says she supports banning stock trading for members of Congress “100%," saying, “we shouldn’t be voting on things we can benefit from financially."
The 50-day moving average is a short- to mid-term trend indicator. When a stock is above its rising 50-day MA, it has about a 67% chance of closing higher the next day. That trend flips bearish when the 50-day is sloping downward. This “technical rule” can be used effectively on stocks, ETFs and market indices.
The S&P 500 pulled back 2% during the first four trading sessions this week, but it was essentially flat for 2025 through May 22, with dividends reinvested. So some investors might still have been sighing with relief, considering that the large-cap U.S. benchmark had been down 15% for the year through April 8.
U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.
If these stocks aren't leading their industries in uncertain market conditions, they're typically paying a hefty dividend.
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The S&P 500 recently flashed a technical sell signal, Bank of America said, which can suggest a near-term drop in stock prices.
Target (NYSE: TGT) has been one of the most disappointing retail stocks on the market recently. After another earnings report came in well below both analysts' and the company's expectations, Target seems as far away from a recovery as ever.