State of the Markets: Tracking S&P 500 and Dow Performance
President Trump's plan for a sweeping tariff on steel and aluminum imports is causing investors to worry about a possible trade war. Fidelity's John Gagliardi joined Cheddar to provide insight into market movements.
Gagliardi breaks down how to approach the markets through three charts. He walks us through long-term, medium-term, and short-term graphs to highlight key takeaways in historical market patterns.
Gagliardi points out that in a short-term chart, you can see the new normal in the S&P 500 is higher highs and higher lows. This is a sign that we're still in a secular bull market, according to Gagliardi.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
