U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
The S&P 500 slipped 0.01% to close at 5,911.69, while the Nasdaq lost 0.32%, ending at 19,113.77. The Dow Jones rose 0.13%, finishing the week at 42,270.07.
Markets wavered following Trump's sharply worded social media post, in which he claimed China is facing economic collapse due to U.S. tariffs and said Beijing had "totally violated" the agreement Washington announced earlier this month.
“Everybody was happy! That is the good news!!! The bad news is that China… HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,” Trump posted.
He added he would soon speak with Chinese President Xi Jinping, expressing hope that the matter could be resolved.
In response, China pushed back, pointing to ongoing U.S. restrictions on chip exports. A spokesperson from China’s embassy in Washington, Liu Pengyu, said the U.S. should stop “discriminatory restrictions” and respect the Geneva consensus.
Meanwhile, fresh U.S. economic data showed consumer sentiment remained flat in May, with the University of Michigan’s index holding at 52.2. Short-term inflation expectations edged up to 6.6%, but long-term expectations fell to 4.2%, the first drop since December.
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The European Parliament has delayed until next week a decision on whether to resume work on the EU–U.S. trade deal.
U.S. President Donald Trump has warned that Washington would withdraw its support for Iraq if former prime minister Nouri al-Maliki is returned to power, citing concerns over governance, stability and regional influence.
Recep Tayyip Erdoğan, Bola Ahmed Tinubu to hold bilateral talks, attend signing ceremony, joint press conference.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Minnesota Governor Tim Walz has activated the state’s National Guard following the fatal shooting of a U.S. citizen in Minneapolis, an incident that has triggered protests and intensified tensions between state and federal authorities.
Iran’s Foreign Ministry has strongly rejected a U.S. magazine report on the death toll during January unrest. Nationwide protests erupted in response to soaring inflation and a national currency crisis.
A mosaic portrait of Pope Leo XIV was illuminated on Sunday at the Basilica of St. Paul Outside the Walls in Rome, continuing a centuries-old Vatican tradition marking the election of a new pope.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
Serbian President Aleksandar Vučić, often viewed as a bellwether for the complex diplomatic currents between the Kremlin and the West, has issued a startling prediction regarding the endgame of the war in Ukraine.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
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