Wall Street, bear market
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A mixed day of trading left the U.S. stock market split, as Wall Street’s momentum slowed after setting record highs in each of the last two days
The White House rolled out a series of new tariff announcements this week, yet the S&P 500, Nasdaq, bitcoin, and Nvidia have all notched all-time highs over the last 24 hours. Meanwhile, the VIX — Wall Street’s fear gauge — has collapsed well below its long-run average after surging to historic highs in April.
When that happens, Wall Street may see a dramatic resurgence of two types of stocks that have been left on the sidelines recently: small-company stocks and so-called value stocks, meaning the stocks of less glamorous, slower-growing companies that also happen to be reasonably cheap in relation to their earnings, dividends and net assets.
Stocks are off to a sluggish start on Wall Street, while Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of 2025.
The stock market and bond market are forecasting different scenarios for the U.S. economy. The former projects optimism — higher equity prices, earnings growth, broad enthusiasm — but the latter sees weakening growth. Apollo chief economist Torsten Slok highlighted this disconnect in research published this week.
Futures on Wall Street have tanked in the early hours of Friday morning Indian time, after US President Donald Trump teased a 'major statement' he intends to make on Russia on Monday. The Dow futures are down over 200 points,
Among Thursday's market movers, Delta Air Lines ( DAL) is up +13.6% after topping Q2 estimates and setting profit guidance ahead of expectations. United Airlines ( UAL) +16 and Southwest Airlines ( LUV) +8.8 are also among the S&P 500's top gainers.