US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet. So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news...
US stocks rose on Monday, starting June with gains despite rising global trade tensions. The S&P 500 rose 0.4% and the Nasdaq gained 0.7%, while the Dow gained 35 points. Tensions between the US and China have flared again after Beijing dismissed US accusations of violating a tariff truce, instead blaming Washington. Markets are eyeing a possible phone call this week between President Trump and Chinese President Xi, which could prove crucial for trade clarity. Meanwhile, Trump's plan to double tariffs on steel and aluminum to 50% has rattled the EU, which has warned that the move would...
European stock markets ended the first trading day of the week lower. The Stoxx Europe 600 index was down 0.1%, France's CAC 40 was lower by 0.2%, and Germany's DAX was off by 0.3%. The U.K.'s FTSE 100 closed marginally in the black, with a 0.02% gain. President Donald Trump's move to double tariffs on steel and aluminum imports to 50% is likely to bite wind energy developer Orsted, according to analysts. The Danish multinational booked a loss of 1.2 billion Danish kroner ($183 million) in its first-quarter results in May after the U.S. imposed 25% tariffs on imports of steel and...
The Dow Jones Industrial Average dipped Monday, the first trading day of June, as global trade tensions increased. The 30-stock average lost 181 points, or 0.4%. The S&P 500 also pulled back 0.2%, while the Nasdaq Composite gained 0.2%. China pushed back against U.S. accusations that it had violated a temporary trade agreement. Instead, the country blamed Washington for failing to uphold the deal — a sign that negotiations between the world's two largest economies are deteriorating. Tensions reignited following a brief pause after U.S. Treasury Secretary Scott Bessent and Chinese Vice...
The Hang Seng fell 132 points or 0.6% to close at 23,158 on Monday, marking its second straight decline amid broad sectoral losses. Renewed Sino-U.S. trade tensions weighed on sentiment after China rejected President Trump's claims that it had violated a Geneva trade deal, calling the accusations "groundless" and vowing to take "forceful measures" in response. U.S. futures also dropped sharply after Trump announced a steel tariff hike to 50% starting Wednesday, with the European Commission warning of possible retaliation. However, markets trimmed earlier losses after Treasury Secretary...
European stocks started June in the red, with both the STOXX 50 and STOXX 600 falling nearly 0.6%, retreating after gains of around 4% in May. The decline comes amid escalating geopolitical tensions, with China accusing the US of violating their recent trade agreement, following President Trump's accusations last week that China had broken the deal. Also, Trump announced plans to double tariffs on steel and aluminum to 50% from 25%, a move that has drawn criticism from the EU. Meanwhile, traders are bracing for the ECB's monetary decision later this week, with expectations of another rate...