US stocks were higher on Wednesday, with the S&P 500 rising 0.3%, the Nasdaq edging up 0.1%, and the Dow Jones jumping more than 250 points. The gains followed fresh record closes for the S&P 500 in back-to-back sessions. Investor sentiment was buoyed by renewed trade optimism after President Trump announced a deal with Japan that would lower tariffs from 25% to 15%. Japan also committed to investing $550 billion in the US and opening its markets to key American goods. Additionally, a trade agreement with the Philippines was announced, while hopes are growing that a deal with the EU...
European stocks closed sharply higher on Wednesday (July 23), halting three previous trading sessions' declines, buoyed by speculation that the US might accept lower tariffs following a new trade deal with Japan. The Eurozone STOXX 50 rose 1.1% to 5,350, and the pan-European STOXX 600 gained 1.1% to 550. President Trump lowered tariffs on Japan to 15% from an initial threat of 25%, despite no reports of substantial progress in trade negotiations between the EU and the US. Progress on auto tariffs with Japan, which has significant exposure to automakers, lifted shares of BMW, Stellantis,...
US stocks rallied on Wednesday (July 23), driven by optimism over a new trade agreement and strong corporate momentum. The S&P 500 rose 0.8% to a new record high, while the Nasdaq gained 0.7%. The Dow Jones Industrial Average surged 505 points, nearly reaching its own record high. The market welcomed news of a finalized trade deal between the US and Japan that includes reciprocal tariffs of 15%, with President Trump signaling similar progress in negotiations with the European Union. Reports suggesting a US-EU deal is nearing completion, mirroring Japan's framework, further boosted...