Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 2.3% over the past six months. This drawdown was disheartening since the S&P 500 held its ground.
As summer kicks off, the S&P 500 is flat, but still within 5% of an all-time high; however, without a clear catalyst, uncertainty is likely to weigh on growth
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.5%, S&P 500 +1.0%) as reports pointed to easing tensions between Israel and Iran. The Wall Street Journal said senior Iranian officials had signaled a willingness to restart stalled nuclear talks, on the condition that Washington refrain from joining Israel's ongoing strikes.
This development triggered a significant decline in oil prices, easing inflation concerns.
President Donald Trump signed three congressional resolutions on Thursday aimed at dismantling California's electric vehicle policies, effectively reversing rules that had been a cornerstone of the Biden administration's climate agenda.
