U.S. stocks pushed higher on Monday, closing in on record levels after a volatile start to the day. Despite weak manufacturing data and renewed trade tensions between the U.S. and China, investor optimism held strong, with major indexes recovering thanks to tech gains and a surge in oil prices.
Wall Street inched closer to record territory on Monday, continuing its upward momentum after a strong May—the best month for U.S. stocks since 2023. The S&P 500 gained 0.4%, the Nasdaq rose 0.7%, and the Dow Jones Industrial Average added a modest 0.1%.
Markets opened lower, with all three major indexes down nearly 1% in the morning, as investors reacted to weak manufacturing data and renewed trade tensions. However, stocks recovered by the afternoon, boosted by strong performances from key tech companies and a sharp rise in oil prices.
Shares of Nvidia and Meta climbed 1.7% and 3.6%, respectively, helping to offset broader market weakness. Oil prices surged more than 3% after the OPEC+ group confirmed plans to gradually increase production—a move already anticipated by investors. Meanwhile, Ukrainian attacks on Russian territory over the weekend added new uncertainty to global energy markets.
One of the biggest stories driving market sentiment is the return of U.S.-China trade tensions. Just weeks after both countries agreed to pause tariffs, the rhetoric has once again heated up. China’s Commerce Ministry criticized the United States for restricting exports of artificial intelligence chips and software, and for reportedly planning to revoke student visas. In response, President Donald Trump accused China of violating the trade agreement reached last month and announced a dramatic increase in steel tariffs—from 25% to 50%—during a speech to steelworkers in Pennsylvania.
The tariff hike gave a strong boost to American steelmakers. Nucor surged 10.1%, and Steel Dynamics jumped 10.3%. However, companies that rely heavily on steel, such as automakers, saw their shares fall. Both Ford and General Motors dropped 3.9%.
While some investors cheered the tariff protections, others worry that rising prices for materials like steel could push up costs for construction, manufacturing, and housing. This concern was echoed in economic reports released Monday. A survey from the Institute for Supply Management showed weaker-than-expected activity in the U.S. manufacturing sector. One respondent from the transportation equipment industry said the administration’s shifting trade policies had made it hard for suppliers to stay profitable. Another report from S&P Global painted a slightly more optimistic picture but noted ongoing supply chain disruptions and inflationary pressures.
Bond markets reflected the tension as well. The yield on the 10-year U.S. Treasury rose to 4.44%, up from 4.41% on Friday and significantly higher than the 4.01% seen two months ago. Rising yields can increase borrowing costs for businesses and consumers and often pressure stock prices.
International markets also reacted to the escalating U.S.-China tensions. Hong Kong’s Hang Seng fell 0.6%, Japan’s Nikkei 225 dropped 1.3%, and most other major Asian and European indexes ended the day in the red. Investors were also digesting data showing that Chinese factory activity continued to contract in May, although the pace of decline had eased slightly since April.
Despite the geopolitical tensions and mixed economic signals, U.S. stocks remain near record highs. Much of the recent market optimism has been driven by expectations of tariff relief and hopes for global trade stability. But with the Trump administration’s trade agenda back in the spotlight, investors will be watching closely for any signs of further escalation.
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The United States is not planning to impose additional sanctions on Russia for now, aiming instead to keep diplomatic channels open to pursue a peace deal, Secretary of State Marco Rubio said.
Kazakhstan’s Prime Minister Olzhas Bektenov has announced a major reform initiative aimed at strengthening national sovereignty in the country’s space sector.
An historic mission began early on Wednesday (25 June) as astronauts from India, Poland, and Hungary were launched to the International Space Station (ISS) for their countries’ first-ever visit. They were joined by NASA veteran Peggy Whitson.
Iran’s parliamentary committee has approved a draft bill to suspend cooperation with the International Atomic Energy Agency (IAEA) until Tehran receives firm guarantees on the agency’s conduct.
Masked law enforcement officers have detained Archbishop Bagrat Galstanyan, leader of the 'Sacred Struggle' movement in Armenia. He is accused of preparing terrorist attacks and an alleged attempt to seize power, according to the Investigative Committee.
The United States is not planning to impose additional sanctions on Russia for now, aiming instead to keep diplomatic channels open to pursue a peace deal, Secretary of State Marco Rubio said.
U.S. Secretary of State Marco Rubio said Iran is now "much further away from a nuclear weapon" following recent U.S. airstrikes on Tehran’s nuclear sites, contradicting reports that the damage only caused minor delays.
Kazakhstan’s Prime Minister Olzhas Bektenov has announced a major reform initiative aimed at strengthening national sovereignty in the country’s space sector.
An historic mission began early on Wednesday (25 June) as astronauts from India, Poland, and Hungary were launched to the International Space Station (ISS) for their countries’ first-ever visit. They were joined by NASA veteran Peggy Whitson.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
U.S. President Donald Trump called for a major interest rate cut before Federal Reserve Chair Jerome Powell’s testimony to Congress.
Masked law enforcement officers have detained Archbishop Bagrat Galstanyan, leader of the 'Sacred Struggle' movement in Armenia. He is accused of preparing terrorist attacks and an alleged attempt to seize power, according to the Investigative Committee.
The United States is not planning to impose additional sanctions on Russia for now, aiming instead to keep diplomatic channels open to pursue a peace deal, Secretary of State Marco Rubio said.
U.S. Secretary of State Marco Rubio said Iran is now "much further away from a nuclear weapon" following recent U.S. airstrikes on Tehran’s nuclear sites, contradicting reports that the damage only caused minor delays.
Kazakhstan’s Prime Minister Olzhas Bektenov has announced a major reform initiative aimed at strengthening national sovereignty in the country’s space sector.
An historic mission began early on Wednesday (25 June) as astronauts from India, Poland, and Hungary were launched to the International Space Station (ISS) for their countries’ first-ever visit. They were joined by NASA veteran Peggy Whitson.
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