The most popular baby names for 2024 revealed, and two names top the list again

09.05.2025    NBC 5 Dallas-Fort Worth    46 views
The most popular baby names for 2024 revealed, and two names top the list again

The Dow Jones Industrial Average dipped Monday, the first trading day of June, as global trade tensions increased. The 30-stock average lost 219 points, or 0.5%. The S&P 500 pulled back 0.1%, while the Nasdaq Composite rose 0.2%. China pushed back against U.S. accusations that it had violated a temporary trade agreement. Instead, the country blamed Washington for failing to uphold the deal — a sign that negotiations between the world’s two largest economies are deteriorating. Tensions reignited following a brief pause after U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in Geneva and agreed to a 90-day suspension of most tariffs. A senior White House official told CNBC’s Eamon Javers Monday that President Donald Trump and China’s President Xi Jinping are likely to speak this week. “Conversations between Trump and Xi could prove critical to much needed clarity for the largest economies in the world,” said Jay Woods, chief global strategist at Freedom Capital Markets. “If they get clarity, look for another leg higher in this market and talk of new all-time highs. If this back-and-forth goes on, then expect volatile markets to continue.” Tensions between the U.S. and European Union also heightened after Trump said he would double steel tariffs to 50%. The EU warned that this “undermines” negotiations, with a spokesperson adding: “This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic.” Steel stocks rallied on the increased levies. Cleveland-Cliffs surged 24%, while Steel Dynamics and Nucor popped about 10% and nearly 9%, respectively. On Friday, the S&P 500 closed out the month of May with a more than 6% gain, its best monthly performance since November 2023. The tech-heavy Nasdaq surged more than 9% for the month and the Dow rose about 4%. Stocks making the biggest moves midday Check out some of the companies making headlines in midday trading: Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising stocks — Advertising stocks were lower Monday following a report in the Wall Street Journal that Meta Platforms plans to use artificial intelligence to fully automate its ads by the end of the year. Shares of Omnicom Group lost 4%, while WPP Group and Interpublic shed 2% each. Steel stocks — Steel stocks were higher after President Donald Trump doubled tariff rates on imports to 50%. Cleveland-Cliffs soared more than 24%, while Nucor and Steel Dynamics each climbed 10%. Read the full list here. — Brian Evans Bitcoin ETFs see biggest day of outflows since February, snap a six-week inflow streak ETFs tracking the price of bitcoin saw their biggest day of outflows since February on Friday, ending six weeks in a row of inflows, according to SoSoValue, as trade tensions between the U.S. and China increased. On Friday the funds posted $616.22 million in outflows, led by BlackRock’s iShares Bitcoin Trust ETF (IBIT) and the Ark 21Shares Bitcoin ETF (ARKB). It was their biggest day of negative flows since Feb. 26, as the cryptocurrency’s price fell to as low as about $103,000 — after reaching a new all-time high at nearly $112,000 one week earlier. That pushed total outflows on a weekly basis to $157.4 million, its first week of net outflows since the week ending April 11. Bitcoin ETFs still ended May with $5.23 billion in inflows, an increase from $2.97 billion in April. — Tanaya Macheel Fed’s Logan sees policy well-positioned for risks Shelby Tauber | Bloomberg | Getty ImagesLorie Logan, president and chief executive officer of the Federal Reserve Bank of Dallas, speaks during an interview in Dallas, Texas, US, on Thursday, Feb. 15, 2024. Dallas Federal Reserve President Lorie Logan said Monday that policymakers can be patient with a “tremendous amount of uncertainty” in the economy that is reflected in financial markets. “With the labor market being very stable, inflation coming down slowly but still above our target, and these balances of risks on both sides of our mandate, I think monetary policy is really well positioned for us to wait, [be] patient and watch the data, knowing that if the risks are to materially change on either side, we’re well positioned to act,” Logan said during a banking conference. The central banker noted that she is watching a dashboard of economic indicators, particularly on inflation “and we’ll just keep watching the wide range of data that we get.” Logan is an alternate and a nonvoter this year for the rate-setting Federal Open Market Committee. — Jeff Cox A conversation between Trump and Xi ‘likely coming this week’ A direct conversation between President Donald Trump and China’s President Xi Jinping is “likely coming this week,” a senior White House official told CNBC’s Eamon Javers. Trade tensions between the U.S. and China escalated last week, after Trump accused China of violating its preliminary trade agreement with the U.S. including a dispute over critical minerals. — Yun Li Manufacturing, construction spending show weakness David Paul Morris | Bloomberg | Getty ImagesContractors carry materials during the construction of a high-speed rail project in Madera County, California, US, on Monday, March 24, 2025. Factory activity in the U.S. remained in contraction in May while construction spending unexpectedly declined, according to economic data releases Monday. The ISM manufacturing index posted a reading of 48.5%, in line with the Dow Jones estimate and 0.2 percentage points below April. As the index measures the percent of companies seeing expansion, anything below 50% represents contraction. Inventories, imports and new export orders all posted significant declines, while order backlogs and new orders saw gains. Prices and employment figures were little changed. In other economic news, construction spending fell a seasonally adjusted 0.4% in April from the prior month, as private activity fell at a 0.7% clip, according to the Commerce Department. — Jeff Cox Negative impact of tariffs is still to come, JPMorgan says Leah Millis | ReutersU.S. President Donald Trump speaks with the media after his return from Pennsylvania, at Joint Base Andrews, Maryland, on May 30, 2025. The brunt of the effect of Trump’s tariffs is yet to be felt in both economic growth and inflation, JPMorgan strategist Mislav Matejka said in a note to clients. “We look for softer activity over the next months, but also higher inflation prints in the US. Past frontloading of orders in the runup to tariffs is likely to have a payback, there will be some weakening in consumer due to squeeze in purchasing power, and even with dramatic backpedalling, the current tariffs picture is worse than most thought at the start of the year,” the note said. This combination could keep the stock market rally in check, Matejka said. — Jesse Pound Stocks open lower as first June trading day kicks off Stocks traded lower Monday morning. Just after the opening bell, the S&P 500 fell 0.3%, while the Nasdaq Composite declined 0.2%. The Dow Jones Industrial Average also shed 173 points, or 0.4%. — Sean Conlon Flutter, DraftKings fall in premarket trading after Illinois tax hike passes NYSEThe New York Stock Exchange welcomes Flutter Entertainment in celebration of its listing on Jan. 29, 2024. Shares of Flutter Entertainment and DraftKings slumped on Monday after Illinois lawmakers approved a sports betting tax increase over the weekend. The proposed hike, which is part of a bill that still has to be signed by the governor, has a tiered system that hits the larger sportsbooks in the state harder, Truist analyst Barry Jonas said in a note to clients. That includes Flutter Entertainment, down 4.3%, and DraftKings, off 5.5%. The higher tax rate also raises the possibility that customers shift to illegal markets and other states hike their taxes, Jonas said.Jesse Pound Stocks making premarket moves Here are some of the names moving before the bell: BioNTech — Shares popped 11.3% after Bristol Myers Squibb agreed to a multibillion-dollar deal to partner with BioNTech to co-develop an experimental cancer drug. Bristol Myers Squibb rose 1%.Moderna — The stock added 3% on the back of the U.S. Food and Drug Administration’s approval of its next-generation Covid vaccine for adults 65 and older.Blueprint Medicines — The biopharma company jumped 26.5% after it agreed to be acquired by Sanofi in an approximately $9.5 billion deal. To see more stocks moving in premarket trading, read the full story here. — Michelle Fox Oil gains following OPEC+ decision to leave output increase unchanged Maxim Shemetov | ReutersPeople walk past an installation depicting a barrel of oil with the logo of OPEC during the COP29 United Nations climate change conference in Baku, Azerbaijan, on Nov. 19, 2024. Oil prices rose on Monday after OPEC+ decided to raise output by 411,000 barrels per day in July, the same level as the prior two months. U.S. crude oil gained $2.50, or 4.1%, to $63.29 per barrel, while global benchmark Brent jumped $2.31, or about 3.7%, to $65.09 per barrel. — Sean Conlon Steel stocks surge after Trump doubles tariffs Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump speaks during a visit to U.S. SteelIrvin Works in West Mifflin, Pennsylvania, on May 30, 2025. Steel stocks rallied Monday morning after Trump raised tariffs on the metal to 50% from 25%. Cleveland-Cliffs soared 32%. Steel Dynamics and Nucor were both up 13%. — Fred Imbert Investors are making short Treasury bets like Warren Buffett amid bond volatility CNBCWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. Investors are leaning into shorter-term Treasury bills alongside Berkshire Hathaway’s Warren Buffett. “There’s lots of concern and volatility, but on the short and middle end, we’re seeing less volatility and stable yields,” Joanna Gallegos, CEO and founder of bond ETF company BondBloxx, told CNBC’s “ETF Edge” last week. Her remarks come as the 3-month Treasury yield sits above 4.3%, while the 2-year Treasury yield and 10-year Treasury yield are at 3.9% and about 4.4%, respectively. Last month, Treasury yields spiked amid concerns that a new U.S. tax bill would exacerbate the country’s budget deficit, with the 30-year Treasury yield at one point reaching its highest level since October 2023. Read the full story here. — Jason Gewirtz, Sean Conlon Stocks had a positive week last week Angela Weiss | AFP | Getty ImagesA trader works on the floor of the New York Stock Exchange at the opening bell on May 30, 2025. Stocks saw gains last week, bolstering May’s strong performance for each of the three major averages: The S&P 500 gained 1.88% week to date, its second positive week in three.The Dow Jones Industrial Average jumped 1.6% week to date, its second positive week in three.The Nasdaq Composite rose 2.01% week to date, its second positive week in three.The Russell 2000 advanced 1.3% week to date, its seventh positive week in eight. — Sean Conlon, Christopher Hayes Here’s how stocks performed in May Stocks closed out the month of May with substantial gains: The S&P 500 climbed 6.15% month to date, breaking a three-month losing streak with its best monthly performance since November 2023, when it gained 8.92%.The Dow Jones Industrial Average rose 3.94% month to date, breaking a three-month losing streak.The Nasdaq Composite surged 9.56% month to date, its best monthly performance since November 2023, when it gained 10.7%. This also marked its second positive month in a row.The Russell 2000 moved 5.2% higher month to date, also breaking a three-month losing streak with its best monthly performance since November 2024, when it gained 10.84%. — Sean Conlon, Christopher Hayes Stock futures open lower following winning May Stock futures traded lower Sunday evening. S&P 500 futures were down about 0.3% shortly after 6 p.m. ET, along with Nasdaq-100 futures. Futures tied to the Dow Jones Industrial Average fell 95 points, or 0.2%. — Sean Conlon

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