Stocks started the week strong, with the Dow, S&P 500, and Nasdaq all moving into positive territory despite tariff talk. Bitcoin hit a record high. President Trump threatened tariffs on the EU and Mexico but investors seem optimistic for now. Wall Street is preparing for a data-heavy week, including the consumer price index and earnings season kickoff for big banks.
In other news, the federal government is cutting ties with student loans, China’s exports, including rare earth metals, surged in June, ‘Crypto Week’ is boosting stocks, call traders react to Kenvue’s C-suite changes, and Rivian Automotive stock faces a bearish outlook.
Oil prices dropped as President Trump’s tariff threats on Russia impacted the market. Gold prices also dipped from three-week highs.
Read more at Nasdaq: Stocks Trek Higher as Nasdaq Nabs Record Close