Wall Street wavers amid mixed earnings, crude slides
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Wall Street was on track for a mixed start on Tuesday as investors weighed signs of potential trade deals between the U.S. and its partners ahead of the August 1 tariff deadline and assessed a spate of second-quarter company results.
That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 14.5%, and PulteGroup rose 9.2%. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy.
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Wall Street opened flat on Tuesday as investors weighed signs of potential trade deals between the U.S. and its partners ahead of the August 1 tariff deadline and assessed a spate of second-quarter company results.
Wall Street experienced a record-breaking revenue surge in the year’s second quarter, investment bank Goldman Sachs announced Wednesday morning, following the market uncertainty caused by President Donald Trump’s “Liberation Day” tariffs in April.
Wall Street dipped to small losses in premarket trading, but indexes remained near record highs on another big day for corporate earnings reports
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Early trading on Wall Street was quietly mixed as markets shift their attention toward a deluge of corporate earnings reports.
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Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.
NEW YORK] Wall Street opened flat on Tuesday (Jul 22) as investors weighed signs of potential trade deals between the US and its partners ahead of the August 1 tariff deadline and assessed a spate of second-quarter company results.
On Wednesday morning, as markets worldwide shuddered on news that President Donald Trump was likely to fire Jerome Powell, James van Geelen at Citrini Research wasted no time in blasting a “macro trade” alert to his some 50,