June 26, 2025
World Bank cuts global growth forecast for 2025
"Trade policy will remain the big macro uncertainty," one analyst says. "Signs of further momentum in talks could give the markets fresh boost to kick-off the week."
Trump-Musk dispute impacts Tesla shares, and Nasdaq falls
Dow and S&P 500 finish flat while Nasdaq up 0.28% while Snowflake jumps after raising product revenue outlook
Wolfspeed plunges after reports of potential bankruptcy while Target falls after cutting annual sales forecast
The S&P 500 steadily added to gains from late morning, while investors took weak data in their stride
Fed officials say that tariffs will boost inflation, while slower growth is expected this year
Trump's criticism of Powell raises concerns over Fed's independence
