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Wall Street rises on hopes for trade deals that could forestall a recession

NEW YORK (AP) — U.S. stocks rose Thursday after the United States and United Kingdom announced a deal on trade that would lower some tariffs between the two countries, the first of what Wall Street hopes will be enough agreements to keep a recession from hitting the economy. The S&P 500 climbed 0.6% for its 11th gain in the last 13 days. The Dow Jones Industrial Average added 254 points, or 0.6%, and the Nasdaq composite rose 1.1%. It wasn’t just stocks. Bitcoin jumped back above $101,000, and crude oil prices climbed, while the price of gold eased back as investors felt less ...

U.S. stocks sink again as more companies detail damage they’re taking because of Trump’s trade war

(AP) — U.S. stocks closed lower Tuesday as quarterly results show more companies are scrubbing their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs. The S&P 500 fell 0.8%, its second drop after breaking a nine-day winning streak, its longest such run in more than 20 years. The Dow Jones Industrial Average dropped 0.9%, and the Nasdaq composite finished 0.9% lower. Palantir Technologies was one of the heaviest weights on the market as it sank 12%. The company, which offers an AI platform for customers, dropped even though it ...

McDonald’s store traffic falls unexpectedly as diners grow uneasy about economy

(AP) — McDonald’s store traffic fell further than expected in the first quarter as economic uncertainty weighed on diners. The trouble was particularly acute in the U.S., where same-store sales — or sales at locations open at least a year — slumped 3.6%. That was the biggest U.S. decline McDonald’s has seen since 2020, when a pandemic shuttered stores and restaurants and other public spaces nationwide. McDonald’s Chairman and CEO Chris Kempczinski said lower- and middle-income consumers, worried about inflation and the economic outlook, cut back on fast food during the ...