The Latest Breaking News on Treasury Yields, Dollar Face Confidence Crisis Despite Trump Tariffs Reprieve; S&P 500 Bounces

Stronger-than-expected profit reports from major banks such as JPMorgan Chase and Morgan Stanley did little to cheer investors as well.

In a single stroke, Donald Trump undid a century of US trade liberalisation –then, tried to pause it. What changed his mind?

The dollar index (DXY00 ) today is down by -1.20% and tumbled to a 3-year low. The dollar is sharply lower today because of concerns that the escalation of the US-China trade war would derail the economy and lead to stagflation. China raised tariffs on all US goods to 125%...

A big rebound could be coming as soon as next week.

JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.07%. June E-mini S&P futures (ESM25 ) are up +0.17%, and June E-mini Nasdaq futures...

Volatility is still the watchword of traders as all major indices lose ground.

IN FOCUS: Donald Trump’s dramatic row back on tariffs has echoes of Liz Truss’s downfall - but will the market turmoil affect his future in the White House? Alicja Hagopian reports