Author: Phil Gantner

S&P 500 Posts 4.4% Weekly Climb, Starting June on Strong Note

S&P 500 Posts 4.4% Weekly Climb, Starting June on Strong Note

The Standard & Poor’s 500 index rose 4.4% this week, giving June a strong start as the materials and technology sectors led broad gains amid hopes for lower interest rates. The market benchmark ended the week at 2,873.34, up sharply from last week’s closing level of 2,752.06. This snaps a weekly losing streak that had reached four weeks last week, […]

Auto Industry Faces Headwinds From Possible US Tariffs on Mexico Products, RBC Says

Auto Industry Faces Headwinds From Possible US Tariffs on Mexico Products, RBC Says

The auto industry will be negatively affected by President Donald Trump’s threat to impose tariffs on goods produced in Mexico until that country’s government stops the flow of migrants illegally crossing its border with the US, RBC Capital Markets said Friday. Late Thursday, the president said he would invoke his powers under the International Emergency Economic Powers Act to impose […]