Bitcoin has recovered to the pre-"Liberation Day" or Apr. 2 price level when President Donald Trump hiked tariffs on nearly all the countries. Its price action suggested a massive recovery in the stock market soon, Lee said in an interview on CNBC’s Squawk Box on May 5.

The Dow opened lower after the Consumer Price Index report showed annual inflation slowed to 2.3%, marking the lowest inflation rate since early 2021. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Live Updates Live Coverage Has Ended U.S. Equities Downgraded by This Firm 12:58 pm by Gerelyn Terzo Swiss firm UBS is bucking the more bullish tone on Wall Street. UBS Wealth Chief Investment Officer Mark Haefele has reportedly downgraded U.

For much of the last two-and-a-half years, the evolution of artificial intelligence (AI) has dominated the discussion on Wall Street. Investors almost always have a next-big-thing trend to captivate their attention, and AI has certainly fit the bill since late 2022.

"Right now, we're not out of the woods. I don't think it's necessarily a 'pound the table' time to buy stocks per se," Brian Vendig, MJP chief investment officer, told Yahoo Finance in an interview on Friday morning. "In the short term, this volatility is not going away."

US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,

Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded.

Gift Nifty was trading around 24,915 level, a discount of nearly 128 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.