US stock futures remained flat ahead of the final trading day of a turbulent week, with the Dow, S&P 500, and Nasdaq showing minimal movement after overnight declines. The S&P 500 fell 2.2%, while the Nasdaq dropped 3%, driven by a 7% plunge in Nvidia shares due to a $5.5 billion quarterly charge and export restrictions to China. The tech-heavy index is now down 19% from its peak, entering bear market territory. Meanwhile, Brent crude rebounded to $66 amid US-Iran tensions, gold neared $3,400, and the 10-year Treasury yield held at 4.28%. The US dollar also faces pressure near the 99 mark.
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0 in Finance and 0 in Crypto last week
US-China Trade War Escalates: Markets React to 245% Tariff Threat
The White House has escalated its trade war with China by threatening to raise tariffs to 245%, targeting critical minerals and military equipment. Financial markets responded with immediate volatility: gold hit a record high, US stock futures tumbled, and Bitcoin remained relatively stable. China criticized the move as a violation of WTO principles, warning of global economic repercussions. This development continues the Trump administration’s controversial trade policies, which have previously targeted allies like the EU, Canada, and Mexico. The ongoing tension highlights the fragile state of global trade relations and their impact on markets.
read moreBitcoin Holds at $84K as White House Adjusts Tariff Stance
Bitcoin traded around $84,300, showing a slight 0.6% dip, while Ethereum and Solana also saw minor declines. The White House hinted at potential relief for farmers affected by Trump’s tariffs, though broader economic concerns persist. Analysts warn that tariffs could exacerbate stagflation risks, balancing inflationary pressures against growth slowdowns. Meanwhile, speculation continues over how the U.S. Strategic Bitcoin Reserve might be funded, possibly through tariff revenues. The Federal Reserve remains cautious on interest rate cuts amid economic uncertainty.
read moreBitcoin Rises to $84K Amid Trump Tariff Pause
Bitcoin climbed to $83,800, nearly erasing last week’s losses, following President Trump’s 90-day tariff pause, which eased investor concerns. Solana and Ethereum also saw gains. Wall Street experienced significant volatility, with the S&P 500 and Nasdaq posting strong weekly recoveries. However, the University of Michigan’s consumer sentiment index dropped sharply, reflecting worries over inflation and trade policies. Gold hit a record high as investors sought safe havens, while Bitcoin’s role as a store of value was debated amid ongoing economic uncertainty.
read moreWall Street Futures Rise After Volatile Trading Session
US stock futures are trading higher after a rollercoaster session that saw major indices give back a significant portion of Wednesday’s gains. The Dow Jones Industrial Average experienced wild swings, initially plunging over 2,100 points before recovering to close 1,000 points lower. Market volatility remains elevated, with the Cboe Vix index surging 22% after briefly spiking 60% intraday. Meanwhile, the 10-year Treasury yield has climbed back above 4.4%, crude oil prices continue to decline, and gold has rebounded to $3,200/ounce. Today’s market focus shifts to upcoming Producer Price inflation data and consumer sentiment figures.
read moreNvidia Becomes Most Valuable Company on Wall Street
Nvidia’s stock reached the top of Wall Street, driving the S&P 500 to a new high. The U.S. economy’s growth may be slowing, with retail sales below expectations. Treasury yields eased, leading to bets on Federal Reserve rate cuts. Inflation remains high, impacting lower-income households. Some companies, like Fisker, faced bankruptcy, while others, like La-Z-Boy, reported stronger performance.
read moreStock Market Plummets as Rising Rates Hit Dow, 11 Stocks Decline
The Dow plummeted by 411 points as rising interest rates hit the bulls hard, causing at least 11 stocks in the price-weighted index to drop by 2 points or more.
read moreStocks Mixed as Nvidia Momentum Pauses Ahead of Earnings and Fed Insights
Stocks traded mixed as Nvidia’s upcoming earnings report and Federal Reserve speakers prompted caution among investors. The recent rally slowed, with the Nasdaq breaching its closing record on Monday. Nvidia’s expected $25 billion quarterly sales and a lineup of Fed speakers on Tuesday are key focal points for market watchers.
read moreGlobal Markets: Wall Street Modestly Higher, China’s Property Industry Support
Wall Street opens with modest gains as Dow remains above 40,000. Retail earnings data to be closely watched this week. Red Lobster files for Chapter 11 bankruptcy protection. Global markets show mixed performance. Oil prices and currency exchange rates fluctuate.
read moreStocks Rise on Rate Cut Bets, Dow Nears 40,000 Amid Bullish Market
Stocks are higher today as the Dow aims for 40,000, with the S&P 500 up 9.31% for the year and nearing its all-time high. U.S. equity futures moved higher on bets of an autumn Fed rate cut, supported by lower Treasury yields, contributing to a bullish global market.
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