The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
The Dow Jones Industrial Average (DJIA) followed the broader market lower on Friday, declining to 41,150 as investors gear up for a tense weekend. The United States (US) and China are headed for opening trade talks in Switzerland this weekend, but policymakers from both administrations have cautioned that talks will be strictly preliminary. Chinese delegates have specifically warned that a definitive deal could be months away. US President Donald Trump hit social media early on Friday, publicly musing about a potential walkback of tariffs on Chinese goods that currently stand at an...
European stocks closed firmly higher on Friday as the possibility that the US and China will de-escalate their trade war with talks this weekend supported risk-on assets. The STOXX 50 added 0.4% to 5,310 and the pan-European STOXX 600 rose 0.4% to 548. On the policy front, ECB official Olli Rehn stated that the central bank should consider cutting interest rates in the upcoming meeting provided that upcoming forecasts confirm a continued disinflation trend and weakening growth momentum. Consumer discretionary companies and utility providers led the gains after lagging behind in the previous...
Stocks in the US were higher on Friday, with the S&P 500 rising 0.4%, the Nasdaq adding 0.6% and the Dow Jones gaining about 110 points, as traders weighed signs of a potential de-escalation in global trade tensions. President Trump said an 80% tariff on China "seems right" ahead of trade talks led by Treasury Secretary Scott Bessent and Chinese counterparts in Switzerland this weekend. Earlier reports had suggested the tariff rate could be reduced to below 60%. Energy and consumer discretionary were the top performing sectors while consumer staples underperformed. Corporate earnings...
Both the STOXX 50 and the STOXX 600 rose 0.3% on Friday, extending gains from the previous session, as traders remained cautiously optimistic about the US-UK trade deal and looked ahead to US-China trade negotiations over the weekend. Oil and gas, autos, and healthcare were the best-performing sectors, while insurance lagged behind. Meanwhile, investors also monitored corporate earnings. Shares of Commerzbank edged up just 0.3%, despite the lender reporting a better-than-expected net profit in Q1. Mediobanca shares gained 1.5% following an earnings beat. For the week, both benchmark...
Japan stocks were higher after the close on Friday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 1.51% to hit a new 1-month high. The best performers of the session on the Nikkei 225 were NTT Data Corp. (TYO:9613), which rose 14.26% or 498.00 points to trade at 3,990.00 at the close. Meanwhile, Ajinomoto Co., Inc. (TYO:2802) added 7.40% or 223.00 points to end at 3,238.00 and Kao Corp. (TYO:4452) was up 6.40% or 387.00 points to 6,431.00 in late trade. The worst performers of the session were Mitsubishi Heavy...