BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
U.S. stocks plunged on Friday, extending their selloff as weak economic data and tariff concerns fueled investor anxiety. The S&P 500 suffered its worst single-day drop since December, while the Dow posted its steepest weekly decline since October.
Market sentiment soured after reports showed U.S. business activity slowing and consumer confidence weakening. Walmart’s disappointing earnings forecast intensified fears of dampening consumer demand. S&P Global’s Chris Williamson noted that business optimism has "evaporated" amid growing economic uncertainty.
Tech stocks took a hit, with the "Magnificent Seven" all closing lower. Nvidia fell 4.1% ahead of its earnings report, while Tesla and Rivian dropped 4.7% after announcing recalls. The CBOE Volatility Index surged to its highest level since early February, reflecting heightened market unease.
Investor nerves were rattled by President Trump’s announcement of new tariffs on lumber, cars, semiconductors, and pharmaceuticals. The economically sensitive sectors—transportation, chips, small caps, and consumer discretionary—plunged over 2%. The Dow Jones fell 748.63 points (1.69%) to 43,428.02, the S&P 500 lost 104.39 points (1.71%) to 6,013.13, and the Nasdaq declined 438.36 points (2.20%) to 19,524.01.
UnitedHealth shares sank 7.2% following a Justice Department probe into its Medicare billing, while Block plummeted 17.7% after missing profit estimates. Akamai Technologies slid 21.7% after issuing weak revenue guidance.
Despite the turbulence, 76% of S&P 500 firms have beaten earnings expectations, with aggregate Q4 growth revised upward to 15.7% from 7.8%. However, analysts anticipate ongoing volatility as economic uncertainty persists.
