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.
German Chancellor Friedrich Merz met with Turkish President Recep Tayyip Erdogan on Thursday in Ankara as both countries explored new pathways for bil...
Central Asia, the South Caucasus and Pakistan have received a significant boost in their fight against the impacts of climate change with the approval...
Ukraine has introduced nationwide restrictions on electricity use, enforcing eight-hour daily limits following severe damage to power infrastructure....
Iran’s Foreign Minister Abbas Araghchi said that Tehran is pursuing what he termed a policy of “provincial diplomacy” to promote Iran’s trade ...
Russia launched a wave of drone and missile strikes on Ukraine’s energy infrastructure overnight, prompting nationwide electricity restrictions and ...
German Chancellor Friedrich Merz met with Turkish President Recep Tayyip Erdogan on Thursday in Ankara as both countries explored new pathways for bilateral economic relations.
Central Asia, the South Caucasus and Pakistan have received a significant boost in their fight against the impacts of climate change with the approval of a $250 million grant.
The United Nations Security Council is holding open briefings and closed consultations on Sudan following what it called the "dire situation in El Fasher".
Ukraine has introduced nationwide restrictions on electricity use, enforcing eight-hour daily limits following severe damage to power infrastructure.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
The deadliest police operation in Brazil's history killed at least 132 people, officials said on Wednesday, after Rio de Janeiro residents lined a street with dozens of corpses collected overnight, a week ahead of global climate events in the city.
Centrist liberal party D66, led by 38-year-old Rob Jetten, has made sweeping gains in the Dutch election, emerging neck and neck with Geert Wilders’ far-right Freedom Party (PVV) in early results — a stunning reversal just two years after D66 ranked sixth.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
U.S. President Donald Trump agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, Trump said.
German Chancellor Friedrich Merz met with Turkish President Recep Tayyip Erdogan on Thursday in Ankara as both countries explored new pathways for bilateral economic relations.
Ukraine has introduced nationwide restrictions on electricity use, enforcing eight-hour daily limits following severe damage to power infrastructure.
Russia launched a wave of drone and missile strikes on Ukraine’s energy infrastructure overnight, prompting nationwide electricity restrictions and killing one person in the city of Zaporizhzhia, officials said on Thursday.
Israeli forces crossed into southern Lebanon overnight, killing a municipal employee in a border town raid that prompted Lebanon’s president to order the army to confront any future incursions, state media said on Thursday.
APEC countries are close to agreeing a joint trade declaration at their annual summit in South Korea, the host’s foreign minister has said, following U.S. President Donald Trump’s early exit.
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