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.
Tehran’s right to develop and use nuclear energy for peaceful purposes is “inherent, inalienable, and non‑negotiable,” Iranian Foreign Ministe...
Bangladesh Nationalist Party (BNP) leader Tarique Rahman was sworn in as prime minister on Tuesday (17 February), marking an important political shift...
Iranian Foreign Minister Abbas Araghchi has described the second round of indirect nuclear talks with the United States as a "good start" as negotiati...
Georgia’s ruling party, Georgian Dream, is moving to criminalise what it calls “extremism against the constitutional order”, introducing a new a...
For many Palestinians, the holy month of Ramadan is being observed amid hunger, displacement and uncertainty. Families are relying on humanitarian aid...
Tehran’s right to develop and use nuclear energy for peaceful purposes is “inherent, inalienable, and non‑negotiable,” Iranian Foreign Minister, Abbas Araghchi, told the high-level segment of the United Nations Conference on Disarmament in Geneva on Tuesday (17 February).
For many Palestinians, the holy month of Ramadan is being observed amid hunger, displacement and uncertainty. Families are relying on humanitarian aid to uphold faith and dignity, even as violence, poverty and restrictions shape daily life.
The Kremlin has sought to lower expectations ahead of the latest round of Ukraine peace talks in Geneva, saying no announcements should be expected on Tuesday as negotiations continue behind closed doors.
Iranian officials say more than 300 undocumented Afghan migrants have been rescued after being stranded in cold and rain near the border district of Taybad, in the northeastern Razavi Khorasan province.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
Cuba’s fuel crisis has turned into a waste crisis, with rubbish piling up on most street corners in Havana as many collection trucks lack enough petrol to operate.
Norway is holding a commanding lead in the medal standings with 12 golds and a total of 26, with Italy having an historic performance on home soil on the ninth day of the Milano-Cortina Winter Olympics on Sunday (15 February).
Iran’s Revolutionary Guards navy held military exercises in the Strait of Hormuz on Monday (16 February), state-linked media reported. The drill took place a day before renewed nuclear negotiations between Tehran and Washington in Geneva.
The Somali Army carried out a targeted airstrike in southern Somalia, killing 15 al-Shabaab militants, the country’s Defence Ministry said on Sunday.
Bangladesh Nationalist Party (BNP) leader Tarique Rahman was sworn in as prime minister on Tuesday (17 February), marking an important political shift in the South Asian nation following a period of turmoil.
Iranian Foreign Minister Abbas Araghchi has described the second round of indirect nuclear talks with the United States as a "good start" as negotiations concluded on Tuesday (17 February) at the Omani consulate in Geneva.
The Kremlin has sought to lower expectations ahead of the latest round of Ukraine peace talks in Geneva, saying no announcements should be expected on Tuesday as negotiations continue behind closed doors.
Spain’s government has instructed prosecutors to investigate social media platforms X, Meta and TikTok over the alleged creation and dissemination of AI-generated child sexual abuse material, Prime Minister Pedro Sánchez announced on Tuesday.
Jesse Jackson, one of the most prominent figures of the modern American civil rights movement and a two-time candidate for the Democratic presidential nomination, has died at the age of 84, his family has announced.
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