The S&P 500, Dow Jones, and Nasdaq all closed higher on Monday. Stock indexes recovered from early losses due to President Trump’s trade negotiation comments. September E-mini S&P and Nasdaq futures are up. Trump threatened 30% tariffs on EU and Mexico imports, impacting stock movement. Cleveland Fed President’s hawkish comments also influenced the market.
Bitcoin prices reached a new high as US House considers crypto-friendly legislation. This week, focus is on tariffs and trade deals. US June CPI and PPI data to be released. Q2 earnings season begins, with S&P 500 companies expecting a 2.8% rise in earnings. Fed futures predict a 5% chance of a rate cut at the upcoming FOMC meeting.
Interest rates fluctuated as T-notes recovered from early losses. President Trump’s tariff threats impacted T-note prices. European bond yields were mixed. ECB swaps predict a 2% chance of a rate cut. Semiconductor stocks and energy providers saw declines. Cryptocurrency-exposed stocks rose. US stock movers included companies like Autodesk, Fastenal, and Visteon Corp.
Earnings reports for July 15 include companies like Albertsons, Blackrock, Citigroup, JPMorgan Chase, and Wells Fargo. Rich Asplund had no positions in the mentioned securities. Information in the article is for informational purposes only.
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