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The US stock market is on track for its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974.

Qualcomm reinstated, Arista upgraded: Wall Street's top analyst calls

The London-based brokerage cut its target to 5600 from 6700, which is in line with BofA Global Research's forecast. "Nearer term, the market should trade between recession and stagflation fears until the Fed cuts and tariff turmoil subsides," said HSBC strategists in a note. Global brokerages have been aggressively revising their targets for the benchmark index following Trump's evolving tariff policy as they are expected to dent corporate America's earnings and push the U.S. economy into a likely recession.

Ethereum (ETH) joined Bitcoin Cash (BCH) as a top performer, rising 1.8% from Monday.

The FASB is proposing specific accounting standards for carbon offsets and other climate-related credits and obligations, an area where GAAP is now effectively silent.

Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities. However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.

Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.