On Monday, Wall Street stocks closed with modest gains as investors largely shrugged off US President Donald Trump’s latest tariff threats, focusing instead on an eventful week ahead with key economic reports and the start of earnings season.
Trump escalated trade tensions over the weekend by announcing plans to impose a 30% tariff on most imports from the European Union and Mexico starting 1 August, setting a deadline for last-minute trade deals. The EU extended its pause on retaliatory measures until early August, hoping for a negotiated settlement, while talks between the US, EU, Canada, and Mexico continue.
The Dow Jones Industrial Average rose 0.20% to 44,459, the S&P 500 gained 0.14% to 6,268, and the Nasdaq Composite advanced 0.27% to 20,640. Trading volume was below the 20-day average.
Despite ongoing tariff threats, markets have remained buoyant, with the Nasdaq hitting its seventh record high since late June.
Investment strategist Jason Pride noted that the economy’s growth outlook is improving as the effects of tariffs are largely offset by recent economic legislation.
This week will bring important updates on the US economy, including second-quarter earnings reports starting Tuesday, and consumer price data expected to show inflation picking up in June.
Oil prices fell 2.2% following Trump’s threat of tariffs on Russian imports, dragging the energy sector down by 1.2%, the largest decline among S&P sectors.
Meanwhile, the communication services sector rose 0.7%, helped by gains in Netflix and Warner Bros. Discovery ahead of their earnings releases.
Cryptocurrency-related stocks also advanced after Bitcoin surpassed $120,000 for the first time.
Laboratory equipment maker Waters Corp dropped 13.8% after announcing a $17.5 billion merger with Becton, Dickinson and Company’s Biosciences division, marking the largest loss of the day.
A bilateral agreement between Türkiye and Qatar aimed at strengthening cooperation in global humanitarian assistance has officially come into effect ...
The Cambodian government will introduce a military conscription system starting next year, Prime Minister Hun Manet announced on Monday....
The European Union has praised Armenia’s recent steps towards fostering stability in the South Caucasus, particularly its efforts to normalise relat...
UN Secretary-General Antonio Guterres said on Monday that only 35% of the Sustainable Development Goals (SDGs) are currently on course to meet their t...
US President Donald Trump warned on Monday that if no agreement is reached within 50 days to end the war in Ukraine, the US will impose 100% secondary...
The Cambodian government will introduce a military conscription system starting next year, Prime Minister Hun Manet announced on Monday.
The European Union has praised Armenia’s recent steps towards fostering stability in the South Caucasus, particularly its efforts to normalise relations with Türkiye and reach a historic peace agreement with Azerbaijan.
UN Secretary-General Antonio Guterres said on Monday that only 35% of the Sustainable Development Goals (SDGs) are currently on course to meet their targets, while 18% are regressing.
US President Donald Trump warned on Monday that if no agreement is reached within 50 days to end the war in Ukraine, the US will impose 100% secondary tariffs on Russia.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
A man was gored and seven others injured during the adrenaline-charged second day of Spain's iconic San Fermin bull running festival in Pamplona.
Only 35 percent of Sustainable Development Goal targets are on track, with nearly half stagnating and 18 percent regressing, the UN said in a sobering 2025 report.
Ghana’s President John Dramani Mahama has called for reparations over slavery and colonisation, urging global recognition of Africa’s historical injustices and dignity.
An intense heatwave has swept across Finland and Sweden, pushing temperatures beyond 30°C in some regions and triggering health and safety warnings.
Spanish police have arrested 10 people after three nights of violent unrest in Torre Pacheco, where tensions flared between far-right groups and North African migrants.
The death toll from the devastating floods in Texas has reached 131, with heavy rain forecast again just 10 days after the Hill Country disaster.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment