Market Update
The Trump-Xi Dance Sends Asian Markets Plunging Ahead of JPM, Goldman Earnings
Beijing's surprise sanctions on Hanwha Ocean have rekindled the trade war, sending Asian indices plunging (Hang Seng TECH: −3.65%). This geopolitical gambit, a direct counter to a U.S. maritime probe, plunges global markets into uncertainty. Attention now pivots to U.S. financial earnings—a crucial test of whether corporate results can outweigh escalating Sino-American brinkmanship.
Market Summary: S&P 500 and Nasdaq Reach Record Highs Amid AI Optimism and Fed Rate Cut Hopes
The S&P 500 and Nasdaq closed at record highs, fueled by optimism over artificial intelligence, strong corporate earnings, and expectations of Federal Reserve rate cuts. Despite recent volatility and ongoing policy uncertainties, the market has shown remarkable resilience, with tech and consumer sectors leading the rally. Easing trade tensions and a drop in market volatility have further boosted investor confidence as the outlook for AI and monetary policy continues to drive gains.
Market Update: Stocks Rebound, Uranium and Chipmakers Rally, Oil and Gold in Focus Amid Middle East Tensions
Market Update: U.S. equities rebounded as chip stocks and uranium names surged. Solar names plunged on policy risks. Gold stayed firm, oil jumped on Israel-Iran flare-up, and Bitcoin slipped. Fed meet and Trump’s Iran stance eyed. Click to read more: https://shorturl.at/5uNuX
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