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Wall Street closes out bruising quarter as outlook remains murky

NEW YORK (Reuters) -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The S&P 500 Index finished the quarter down 4.6%, its worst first three months of a year since the first quarter of 2022. Investors, who started the year with high hopes for pro-growth policies from the Trump administration, have been spooked by a barrage of tariff-related headlines.

Fed officials cautious on rates amid tariff-related inflation risks

NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Monday that monetary policy is "well positioned" for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up. "Monetary policy is moderately restrictive," Williams said in an interview with Yahoo Finance, with the current setting of interest rates "putting some downward pressure on inflation." Williams added that while he cannot predict when the U.S. central bank might change the current level of interest rates, keeping it in place "for some time" will allow officials to study incoming data and decide what they need to do next.

Coinbase Shares Head for Worst Quarter Since FTX Collapse as Crypto Slumps

(Bloomberg) -- Shares of Coinbase Global Inc. and other firms linked to cryptocurrencies were hammered this quarter as growing concerns about the US economy weighed on digital assets. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerCoinbase fell 31% in the worst quarterly performance since FTX collapsed near the end of 2022. Nearly every major crypto-l

Why Is Celsius (CELH) Stock Soaring Today

Shares of energy drink company Celsius (NASDAQ:CELH) jumped 8.9% in the afternoon session after Truist analysts upgraded the stock's rating from Hold to Buy and raised the price target from $35 to $45. The analysts added, "In our opinion, the market is already looking past the hiccups of the legacy business in 2024 and the brand's slowdown in 1Q25."