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...
Hong Kong shares jumped 495 points or 2.5% to 20,304 in Tuesday morning trade, attempting to recover from a historic 13.2% plunge in the previous session—the steepest one-day loss since 2008. The upturn was supported by broad-based gains, led by strength in the tech and consumer sectors. Sentiment improved, buoyed by a sharp rise in U.S. futures, after Wall Street's S&P 500 posted its third consecutive loss overnight in the wake of President Trump's latest tariff announcement. Meanwhile, Beijing warned it will "fight to the end" if the U.S. moves forward with additional tariffs,...
The Nikkei 225 Index jumped 6% to around 33,000 while the broader Topix Index gained 3.5% to 2,370 on Tuesday, recouping losses from the previous session after US President Donald Trump said that he agreed to meet with Japanese officials to begin trade negotiations following a phone call with Prime Minister Shigeru Ishiba. However, volatility is expected to remain high as Trump threatened China with another 50% tariff on top of existing levies if Beijing does not lift its duties on US imports. Financial stocks led the rebound after bearing the brunt of the recent selloff, with strong gains...
U.S. stocks closed mostly lower on Monday (07/04), as markets reacted to President Donald Trump's escalating trade war with China, including threats to impose additional tariffs of 50% if Beijing does not roll back its retaliatory measures. The S&P 500 fell 0.7%, the Dow Jones dropped 342 points in a wild session marked by record intraday moves, and the Nasdaq 100 closed up 0.2% after earlier plunging more than 3%. Volatility surged across asset classes, with equities, Treasuries and commodities all being tossed around by conflicting headlines, including speculation about a 90-day tariff...
European stocks plunged to the lowest in more than a year on Monday, as President Donald Trump issued a fresh tariff threat to China and foreign leaders raced to the negotiating table to persuade him to lower his steep tariff charges. The Stoxx Europe 600 Index was 4.5% lower at the close in London, the lowest since end-January 2024, having earlier shed as much as 6.5%. The DAX slid 4.2%, recouping some of its earlier 10% plunge. Shortly before the closing bell in Europe, Trump threatened to impose an additional 50% tariff on China unless...
U.S. stocks plunged for a third straight session on Monday, as the White House doubled down on aggressive tariffs against key trading partners despite growing market turmoil. The S&P 500 sank 3.7%, pushing its decline from its February record high to 20%, officially entering bear market territory. The Dow Jones dropped another 1,200 points, or 3.3%, while the Nasdaq fell 3.7%, having already entered a bear market last week amid mounting recession fears sparked by President Trump's sweeping trade policies. On Friday, China announced a 34% tariff on all U.S. imports instead of returning...