Court Declines US Tariff Relief on Low-Cost Goods, for Now
The decision from the Court of International Trade on Monday in the fight over what's known as the 'de minimis' tariff exemption is the latest favorable order for the Trump administration in its defense against multiple lawsuits over his move to raise global tariffs.
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SPYD Attracts $759M in Assets as Fed Keeps Rates Unchanged
The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) attracted $758.7 million Wednesday, bringing its assets under management to $7.8 billion, according to data provided by FactSet. The dividend-focused fund's inflows came as the S&P 500 slipped 0.1% after Federal Reserve Chair Jerome Powell indicated the central bank isn't ready to cut rates while assessing tariff impacts on inflation. Invest in Gold Thor Metals Group: Best Overall Gold IRA American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase The SPDR S&P 500 ETF Trust (SPY) pulled in $1.3 billion, while the Invesco QQQ Trust (QQQ) collected $1.1 billion as tech stocks helped lift the Nasdaq-100 0.2%. The Invesco Buyback Achievers ETF (PKW) gained $448.4 million, and the Schwab Short-Term US Treasury ETF (SCHO) attracted $420.6 million. The iShares Russell 2000 ETF (IWM) saw outflows of $935.1 million, while the Direxion Daily Semiconductor Bull 3x Shares (SOXL) lost $309.9 million. The iShares MSCI ACWI ETF (ACWI) experienced outflows of $445.8 million, and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) shed $546.8 million. U.S. equity ETFs attracted $5.1 billion for the day, while U.S. fixed-income funds gained $2.7 billion. Leveraged ETFs posted outflows of $356.4 million as Powell's comments poured cold water on September rate-cut expectations. Overall, ETFs collected $7.9 billion for the day. Track real-time ETF inflows and outflows for all tickers using ETF Fund Flows tool. Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 1,333.62 658,543.64 0.20% QQQ Invesco QQQ Trust Series I 1,077.58 362,236.15 0.30% SPYD SPDR Portfolio S&P 500 High Dividend ETF 758.67 7,755.06 9.78% VOO Vanguard S&P 500 ETF 476.20 713,260.09 0.07% PKW Invesco Buyback Achievers ETF 448.40 1,834.04 24.45% SCHO Schwab Short-Term US Treasury ETF 420.56 11,374.65 3.70% SCHR Schwab Intermediate-Term US Treasury ETF 383.46 11,376.81 3.37% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 317.35 27,139.06 1.17% MUB iShares National Muni Bond ETF 290.05 38,369.46 0.76% TLT iShares 20+ Year Treasury Bond ETF 279.36 48,808.63 0.57% Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change IWM iShares Russell 2000 ETF -935.08 63,674.80 -1.47% VCIT Vanguard Intermediate-Term Corporate Bond ETF -546.78 53,710.56 -1.02% ACWI iShares MSCI ACWI ETF -445.80 22,237.54 -2.00% SOXL Direxion Daily Semiconductor Bull 3x Shares -309.91 13,629.09 -2.27% EMXC iShares MSCI Emerging Markets ex China ETF -171.79 13,539.29 -1.27% MTUM iShares MSCI USA Momentum Factor ETF -168.48 17,521.89 -0.96% RSP Invesco S&P 500 Equal Weight ETF -139.85 73,780.01 -0.19% HYG iShares iBoxx $ High Yield Corporate Bond ETF -128.71 16,692.42 -0.77% TSLQ Tradr 2X Short TSLA Daily ETF Tradr 2X Short TSLA Daily ETF -126.62 395.08 -32.05% EMB iShares JP Morgan USD Emerging Markets Bond ETF -120.59 13,497.03 -0.89% ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 14.93 10,482.90 0.14% Asset Allocation 46.13 25,919.79 0.18% Commodities ETFs -133.46 224,304.84 -0.06% Currency 368.51 181,502.17 0.20% International Equity 202.01 1,920,723.06 0.01% International Fixed Income -29.86 310,599.20 -0.01% Inverse -44.04 14,461.90 -0.30% Leveraged -356.36 149,239.85 -0.24% US Equity 5,103.25 7,357,474.53 0.07% US Fixed Income 2,720.42 1,722,374.22 0.16% Total: 7,891.51 11,917,082.46 0.07% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
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Tariff deadline, jobs report, Exxon earnings: What to Watch
Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Friday, Aug. 1. Friday is President Trump's self-imposed trade deal deadline. A host of trade deals was announced on Thursday, while markets wait to hear more. The July jobs report will be released in the morning. Economists are expecting a decrease in nonfarm payrolls and a slight uptick in both unemployment and hourly wages. Exxon (XOM), Chevron (CVX), Moderna (MRNA), and more will be posting quarterly earnings results in the morning. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Time now for to watch Friday, August 1st, going to start off on the trade landscape. President Trump self-imposed trade deal deadline. It's coming up on Friday. New standard of 15% tariffs on foreign goods is taking shape, including recent deals with the EU and South Korea. Also, Trump on Thursday extending Mexico's 25% tariffs for 90 days as trade negotiations continue. And turning to the labor force, the monthly jobs report for July is coming out on Friday. Com is forecasting non-farm payrolls to dip to 104,000, while unemployment and hourly wages both tick up to 4.2 and 0.3% respectively. The new data coming after the Fed held interest rates steady for July on Wednesday, pausing at the post decision press conference that unemployment remains low, and that the labor market is still solid. On the earnings front, we'll be getting another batch of earnings on Friday that include names in the energy sector like Exxon, Chevron and Enbridge. Exxon announced results for the second quarter, analysts expecting Exxon's oil production business to be weighed down in the second quarter by lower oil prices. Related Videos JPMorgan, Coinbase Agree to Link Bank, Crypto Accounts HK Housing Market Yet to Bottom: Hang Lung's Chan Applied Digital, Carvana, Roblox: Trending Tickers Trump Gives Mexico 90-Day Reprieve from Tariffs Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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Trump Says Canada Needs to Pay Up to Reach Truce on Trade
(Bloomberg) -- US President Donald Trump said Canada has to 'pay a fair rate' in order to reach a trade agreement, as US talks with Canadian Prime Minister Mark Carney go down to the wire. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus 'We haven't spoken to Canada today,' the president said during an afternoon news conference at the White House. Referring to Carney, Trump said: 'He's called. And we'll see.' Trump again criticized Carney's announcement that Canada plans to recognize a Palestinian state, but told reporters it's 'not a deal-breaker' in the trade talks. The president has threatened to raise the import tax on Canadian goods to 35% by Friday, up from the current 25%, unless there's a deal between the two nations. Trump spoke with Mexican President Claudia Sheinbaum on Thursday morning and shortly afterward the president extended tariff rates on Mexico for 90 days to allow more time for negotiations. He had previously said he might raise them to 30% on Friday, up from 25%. However, there's currently a tariff exemption in place for both Canada and Mexico on goods shipped under the rules of the United States-Mexico-Canada Agreement, the accord that Trump signed in his first term. That means the majority of imports from both countries are currently tariff-free — though steel, aluminum and some other products have duties on them. Asked what's holding up a deal for Canada, Trump reiterated previous complaints about Canadian protectionism of its dairy industry and its history of low military spending. 'They have to pay a fair rate, that's all. It's very simple,' Trump said. The US and Canada have a bilateral trade relationship worth more than $900 billion annually. The US imported $477 billion of goods and services from Canada last year and exported $441 billion, according to US Commerce Department data. Shortly before Trump's news conference, Commerce Secretary Howard Lutnick said on television that he doesn't see Trump 'stepping off the gas' with Canada. Lutnick said that if Carney 'starts turning on the charm, and if he takes down his retaliation,' Trump could 'let it down a bit.' Carney, for his part, has said a number of times that he won't agree to a deal that is bad for Canada. --With assistance from Thomas Seal. Burning Man Is Burning Through Cash Russia Builds a New Web Around Kremlin's Handpicked Super App Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P.
