From commerce to culture, software is digitizing every aspect of our lives. The undeniable tailwinds fueling the industry have also tempered losses for SaaS stocks over the past six months
as their 2.8% drawdown was relatively better than the S&P 500’s 5.9% decline.
The U.S. retail sector is facing potential shortages in key consumer product areas as the ongoing trade war with China leads to a decrease in manufacturing orders and freight bookings, pushing the national supply chain towards a critical point.
A number of stocks jumped in the morning session after President Trump clarified that he had no intention of removing Federal Reserve Chair Jerome Powell, a statement that helped calm markets. Earlier remarks had sparked fears of political interference in decision-making at the central bank.
With Trump walking back his earlier comments, investors likely felt more assured that monetary policy decisions would continue to be guided by data, not drama. That kept the Fed's word credible, and more importantly, gave investors a steadier compass to figure out where rates and the markets were headed next.
A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible."
His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
Faribault, MN – Faribault Web, a Minnesota-based digital solutions provider, has officially launched two breakthrough services to help U.S.-based businesses capture more leads and boost local visibility online: AI Website Assistants and Crushing Local, a done-for-you Google Business Profile (GBP) management service.
Affirm and Shopify accelerate global expansion of Shop Pay Installments, starting with Canada and UK this summer, with plans for Australia and Western Europe.
TD Cowen said Affirm as one of the top performing buy-now-pay-later brands in the U.S. with a full-suite point-of-sale lending capability versus peers.
