Stock Market Today: Dow Falls Amid Trump Trade Deal
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Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
As President Donald Trump's tariffs continue to create headwinds, UBS said investors should focus on long-term trends set to boost markets.
President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.
President Trump is once again turning up the tariff dial, but stocks aren't reacting nearly as strongly as they did back in April. In recent days, Trump has written letters threatening 30% duties on goods from Mexico and the European Union while also warning of 35% tariffs on Canadian imports.
Trump said this week that there would be no new extensions granted for the August 1 deadline. Market pros tell BI where they see winners and losers.
Yet the market (as of July 11) isn't far off from its all-time high, and it doesn't seem to be poised for the same explosive sell-off that occurred in early April. Is the stock market underestimating Trump's tariffs?
Gift Nifty was trading around 25,148 level, a discount of nearly 25.5 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
US Stock market today climbed as Nvidia stock surged on hopes of renewed AI chip sales to China, with support from President Trumps trade policy shift. The S&P 500 gained 0.4% and the Nasdaq rose 0.8%,
An extremely rare indicator just flashed, which is highly accurate in predicting a significant stock market move over the next 12 months.
A couple deals with major trading partners could mean the effective tariff rate rises from 16% to 18% versus 21% scenario, according to Pingle.Nadia Lovell, senior U.S. equity strategist for UBS Global Wealth Management,
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Equities kicked off Monday strong after a fresh round of tariff threats over the weekend. The S&P 500 gained 0.17%, closing within 0.2% several points of its all-time high, set on Thursday. The Dow rose 0.2% and the tech-heavy Nasdaq gained 0.27%.
Shares have opened mostly higher in Europe following gains in Asian markets despite lingering worries about President Donald Trump's latest updates to his tariffs.