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Trump Touts Economic Agenda in State of the Union as Support Shows Signs of Erosion

                         Trump touts a 'roaring economy' in his State of Union as Americans continue to struggle. President Donald Trump used his State of the Union address to spotlight what he described as a revitalized American economy, emphasizing job growth, rising wages, and renewed manufacturing activity. Speaking before a sharply divided Congress, Trump framed his economic record as evidence of strong leadership and a blueprint for continued national prosperity. Throughout the speech, he highlighted tax cuts, deregulation efforts, and trade policies that he said had strengthened the country’s global position. He also urged lawmakers to “stay the course,” arguing that reversing his policies would jeopardize economic momentum. Yet the address came at a moment when several national polls show a gradual decline in public support. Analysts point to concerns about inflation, uneven wage gains, and political p...
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US Futures Stall After Record-Setting Rally

 


US stock futures wobbled on Friday, losing steam after a record-setting rally and blowout month as the relief sparked by an influential inflation reading ebbed. The S&P 500 futures were little changed, coming off the benchmark’s record close and best February in almost a decade. Futures on the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also wavered around the flatline.

Stocks are kicking off March in a subdued mood, a shift from the upbeat reaction to PCE data that showed inflation continued to cool — easing worries the Federal Reserve would get more reason to hold off from interest-rate cuts. But further scrutiny has highlighted signs of “sticky” inflation that will be harder to shift.

Among big movers, shares in New York Community Bancorp (NYCB) tumbled 20% in premarket after the exit of its CEO, a $2.7 billion quarterly loss, and findings of “material weaknesses” in the bank’s loan processes. Meanwhile, Dell (DELL) shares rose almost 25% in the wake of a quarterly sales and profit beat fueled by AI prospects for its servers. Developments at OpenAI caught the attention of investors tracking the sector. Elon Musk has sued the Microsoft-backed company and its CEO Sam Altman, among others, over a breach of contract. Also, the ChatGPT maker is reportedly set to name new board members in March to end an impasse linked to Altman’s abrupt firing last year.

In summary, the market’s exuberance has tempered, and investors are closely watching inflation trends and corporate developments. As we navigate March, the delicate balance between economic indicators and market sentiment remains crucial.


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