Wall Street, Trump and Musk
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Cryptopolitan on MSNTrump and Elon's public fallout triggered massive losses across crypto, ETFs, and stocks tied to Wall StreetWall Street’s addiction to hype just hit a wall. The fallout from the public split between Trump and Elon Musk torched everything tied to their names — from crypto to ETFs. According to data from Bloomberg,
Investors fear that the dispute between Elon Musk and President Donald Trump "will stop their friendship and change the regulatory environment for Tesla on the autonomous front over the coming years under the Trump administration,
U.S. stocks are drifting closer to their records after President Donald Trump raised hopes for a cooldown in his global trade war on Thursday. The S&P 500 was 0.4% higher in midday trading. The Dow Jones Industrial Average was up 130 points,
U.S. stock index futures nudged higher on Friday as investors awaited monthly payrolls data, while Tesla shares rebounded on signs of cooling tensions between CEO Elon Musk and U.S. President Donald Trump.
Wall Street strategists are upgrading their outlook for the S&P 500 as tariffs aren't expected to weigh on corporate earnings as much as initially feared.