Stock indexes are up today despite Trump’s tariff threats. S&P 500, Dow Jones, and Nasdaq all show gains. Trump plans to impose tariffs on EU, Mexico, and Canada. Fed’s Beth Hammack’s hawkish comments raise concerns. China’s trade data beats expectations, boosting global growth. Bitcoin hits record high as US House plans crypto-friendly legislation.
This week focuses on tariffs, trade deals, and key economic data releases. Earnings season begins with projected modest S&P 500 gains. Fed futures show 5% chance of rate cut. Overseas markets mixed. T-notes pressured by tariffs, inflation concerns. European bond yields mixed. ECB rate cut expectations at 2%.
Tech stocks drop, led by semiconductor companies. Energy sector slips with falling crude prices. Cryptocurrency-related stocks rise with Bitcoin surge. Waters and Procter & Gamble lead S&P 500 and Dow losers. Positive moves in Intapp, Nebius Group, Fastenal, Autodesk, and Global Payments. Earnings reports for various companies scheduled.
Read more at Nasdaq: Bulls Battle Back After New Tariff Threats