On Monday, Wall Street stocks closed with modest gains as investors largely shrugged off U.S. 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 has 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 U.S. 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.
U.S. President Donald Trump announced on Monday that he had removed Federal Reserve Governor Lisa Cook from her position, citing allegations of mortga...
U.S. President Donald Trump said on 26 August that U.S. colleges would face serious challenges without Chinese students....
The Lithuanian parliament on Tuesday approved a new prime minister, marking a key step in the formation of the country’s ruling coalition....
According to the European-Mediterranean Seismological Centre (EMSC), an earthquake struck 50 km north-northwest of Derbent, Russia, at 00:33 local tim...
U.S. President Donald Trump announced on Monday that he had removed Federal Reserve Governor Lisa Cook from her position, citing allegations of mortgage fraud.
U.S. President Donald Trump said on 26 August that U.S. colleges would face serious challenges without Chinese students.
The Lithuanian parliament on Tuesday approved a new prime minister, marking a key step in the formation of the country’s ruling coalition.
According to the European-Mediterranean Seismological Centre (EMSC), an earthquake struck 50 km north-northwest of Derbent, Russia, at 00:33 local time. The quake’s epicentre was at a depth of 11 km.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Afghanistan’s interim administration on Tuesday unveiled a five-year “Development Strategy” aimed at creating jobs and promoting balanced development.
Libya’s Presidency Council chief Mohamed al-Menfi met on Tuesday in Tripoli with U.S. chargé d’affaires Jeremy Berndt to discuss ways to accelerate the country’s political process and lay the groundwork for national elections.
U.S. President Donald Trump announced on Monday that he had removed Federal Reserve Governor Lisa Cook from her position, citing allegations of mortgage fraud.
U.S. President Donald Trump said on 26 August that U.S. colleges would face serious challenges without Chinese students.
The Lithuanian parliament on Tuesday approved a new prime minister, marking a key step in the formation of the country’s ruling coalition.
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