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 Foreign Minister Johann Wadephul said on Monday that the initial stage of U.S. President Donald Trump’s plan to end the conflict in Gaza must...
Uzbekistan is strengthening international partnerships in the energy sector, signing several new deals with Gulf and U.S. companies to expand its rene...
The International Criminal Court (ICC) on Monday found a militia leader guilty for the first time over atrocities committed in Sudan’s Darfur region...
Protesters once again took to the streets of Madagascar’s cities on Monday, marking a third consecutive week of anti-government demonstrations now c...
Afghanistan’s Minister of Industry and Commerce, Nuruddin Azizi, met with Turkish envoy, Ambassador Cenk Ünal in Kabul on Sunday 5th October to dis...
German Foreign Minister Johann Wadephul said on Monday that the initial stage of U.S. President Donald Trump’s plan to end the conflict in Gaza must be implemented by the beginning of next week at the latest, while acknowledging that other elements of the proposal would take longer to resolve.
Uzbekistan is strengthening international partnerships in the energy sector, signing several new deals with Gulf and U.S. companies to expand its renewable capacity, modernise production, and attract billions in investment.
On the shores of the Red Sea, a bold architectural vision is taking shape. The Jeddah Tower, once called the Kingdom Tower, is set to become the world’s tallest building, a structure that doesn’t just redefine skylines, but reimagines what cities of the future could be.
The International Criminal Court (ICC) on Monday found a militia leader guilty for the first time over atrocities committed in Sudan’s Darfur region more than two decades ago.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
German Foreign Minister Johann Wadephul said on Monday that the initial stage of U.S. President Donald Trump’s plan to end the conflict in Gaza must be implemented by the beginning of next week at the latest, while acknowledging that other elements of the proposal would take longer to resolve.
The International Criminal Court (ICC) on Monday found a militia leader guilty for the first time over atrocities committed in Sudan’s Darfur region more than two decades ago.
Protesters once again took to the streets of Madagascar’s cities on Monday, marking a third consecutive week of anti-government demonstrations now calling for President Andry Rajoelina to step down.
Iran and France indicated on Monday that talks on the release of two French citizens held in Iran in exchange for an Iranian national detained by France were progressing.
Ukraine’s military says it has carried out strikes on one of Russia’s main explosives factories and an oil terminal in occupied Crimea, escalating long-range attacks on key sites supporting Moscow’s war effort.
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