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 Nikkei 225 Index climbed 0.4% to surpass 36,900, while the broader Topix Index edged up 0.15% to 2,702 on Friday, as investors snapped up beaten-down technology stocks. Despite the rebound, market sentiment remained fragile amid escalating global trade tensions. In the latest trade dispute, US President Donald Trump threatened to impose a 200% tariff on all alcoholic products from the European Union, retaliating against the bloc's 50% tariff on American whiskey. Meanwhile, investors continued to monitor Bank of Japan policy signals, as Governor Kazuo Ueda reaffirmed plans to reduce the...
Asia-Pacific markets are slated to open mixed on Friday after all three benchmarks in the U.S. tumbled over U.S. President Donald Trump's tariff plans. In another sign of a trade war escalation, Trump threatened to enact 200% tariffs on all alcoholic products coming from the European Union in retaliation for the bloc's 50% tariff on whisky. Trump said he would not be changing his mind on a broader group of tariffs set to be implemented on April 2. Australia's S&P/ASX 200started the day 0.4% higher, following losses in the previous session. Japan's benchmark Nikkei 225was set to open...
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped about 1.39% to settle at 5,521.52, ending the day in correction and 10.1% off its record close. The Dow Jones Industrial Average fell 537.36 points, or 1.3%, marking its fourth day of declines and closing at 40,813.57. The Nasdaq Composite shed 1.96% with shares like Tesla and Apple lower.Trump took to his Truth Social platform Thursday morning to threaten 200% tariffs on all alcoholic products coming from countries in...
Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump. The S&P 500 dropped about 1.3%, bringing its losses from its record close in February to 10%. If the benchmark closes at these levels, it will be an official market correction, according to Wall Street. The Dow Jones Industrial Average fell 481 points, or 1.2%, its fourth day of declines putting it below the 41,000 level. The Nasdaq Composite shed 1.8% with shares like Tesla and Apple lower.Trump took to his Truth Social platform Thursday...
Stocks fell on Thursday as investors digested President Donald Trump's latest tariff threats while they pored over new U.S. inflation figures. The Dow Jones Industrial Average fell 254 points, or 0.6%. The S&P 500 fell 0.7%, and the Nasdaq Composite dropped 1.2%. Trump used his Truth Social platform to threaten a 200% tariff on all alcohol products coming from countries in the European Union in retaliation for the bloc's 50% tariff on whiskey. "This would be great for the Wine and Champagne business in the U.S.," he wrote. Concerns over U.S. trade policy have hurt stocks this...