Latest news with #StockIndexes
Bloomberg
16-07-2025
- Business
- Bloomberg
Volatility Is Very, Very Good to Goldman
By Stock indexes went for a ride this morning when news leaked that President Donald Trump had asked Republican lawmakers on Tuesday about whether he should fire Fed Chair Jerome Powell, and then Trump denied he was going to make a move. That kind of volatility benefits someone, writes Sonali Basak, global finance correspondent for Bloomberg Television, and you can see who in today's bank earnings reports. Plus: Starbucks' CEO is pushing a revival based on cold foams and warm vibes, and here who's benefiting from Trump's NATO bashing. If this email was forwarded to you, click here to sign up.
CNA
10-07-2025
- Business
- CNA
Stocks edge higher, Brazilian real bounces as investors weigh Trump's latest tariff moves
NEW YORK :Stock indexes rose on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50 per cent tariff on goods from Brazil. Helping Wall Street stocks, Delta Air Lines jumped 12 per cent after it forecast third-quarter and full-year profits above analysts' estimates. Other travel stocks also rose, including United Airlines, which was up 15.3 per cent. Trump also late Wednesday confirmed a 50 per cent tariff would be imposed on copper, and said it would start August 1. U.S. copper prices were last higher on the day. The Brazilian real volatility gauges surged to their highest levels since late April late on Wednesday, and the real had fallen as much as 2.3 per cent. On Thursday, the dollar was last down 0.6 per cent against the real, while Brazilian stocks were down about 0.5 per cent. Brazilian President Luiz Inácio Lula da Silva vowed retaliation against unilateral tariff hikes, and called a meeting with ministers on Thursday. Some traders say U.S. consumers could see sharp price increases on food staples like coffee and orange juice if the administration sticks to its Brazil import plan. But reactions in the broader market to Trump's latest moves have been less severe than in April, possibly reflecting expectations that ongoing negotiations between Washington and its trade partners could yield agreements before the deadline. Investors are also gearing up for second-quarter earnings, looking for signs of an impact from Trump's trade war launched on April 2. Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts, said the market appears to be in a holding pattern ahead of the reports from S&P 500 companies. JPMorgan Chase is due to release results Tuesday, essentially kicking off the reporting period. "There's been great skepticism with all of the analysts that follow the S&P 500, how they've been reducing their estimates at large, based on the tariffs and uncertainty around that," he said. "But we think, when all is said and done, those growth companies, and specifically tech companies, are going to come through with fabulous earnings. So I think the market is in a waiting period." The Dow Jones Industrial Average rose 259.72 points, or 0.59 per cent, to 44,718.67, the S&P 500 rose 21.75 points, or 0.35 per cent, to 6,285.02 and the Nasdaq Composite rose 34.47 points, or 0.17 per cent, to 20,645.81. MSCI's gauge of stocks across the globe rose 2.70 points, or 0.29 per cent, to 927.00. The pan-European STOXX 600 index ended up 0.54 per cent. Bitcoin rallied to another all-time high. The world's largest cryptocurrency rose to a fresh record high of $113,734.64. It is now up about 21 per cent this year. Investors digested upbeat quarterly results from TSMC, which showed strong demand for the world's largest contract chipmaker's products, fuelled by surging interest in artificial intelligence applications. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.28 per cent to 97.65. Benchmark 10-year U.S. Treasury yields edged higher on after U.S. data showed that jobless claims unexpectedly fell last week and as investors focused on how tariffs will impact inflation ahead of key consumer price data due next week.
CNA
10-07-2025
- Business
- CNA
Stocks edge higher, Brazilian real bounces as investors digest Trump's latest tariff moves
NEW YORK :Stock indexes edged higher on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50 per cent tariff on goods from Brazil. Trump also late Wednesday confirmed a 50 per cent tariff would be imposed on copper, and said it would start August 1. U.S. copper prices were last higher on the day. The Brazilian real volatility gauges surged to their highest levels since late April late on Wednesday, and the real had fallen as much as 2.3 per cent. On Thursday, the dollar was last down 0.4 per cent against the real, while Brazilian stocks were down about 0.7 per cent. Brazilian President Luiz Inácio Lula da Silva vowed retaliation against unilateral tariff hikes, and called a meeting with ministers on Thursday. But reactions in the broader market to Trump's latest moves have been less severe than in April, possibly reflecting expectations that ongoing negotiations between Washington and its trade partners could yield agreements before the deadline. Investors are also gearing up for second-quarter earnings, looking for signs of an impact from Trump's trade war launched on April 2. Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts, said the market appears to be in a holding pattern ahead of the reports from S&P 500 companies. JPMorgan Chase is due to release results Tuesday, essentially kicking off the reporting period. "There's been great skepticism with all of the analysts that follow the S&P 500, how they've been reducing their estimates at large, based on the tariffs and uncertainty around that," he said. "But we think, when all is said and done, those growth companies, and specifically tech companies, are going to come through with fabulous earnings. So I think the market is in a waiting period." The Dow Jones Industrial Average rose 203.80 points, or 0.46 per cent, to 44,664.09, the S&P 500 rose 6.51 points, or 0.11 per cent, to 6,270.16 and the Nasdaq Composite fell 50.94 points, or 0.25 per cent, to 20,560.39. MSCI's gauge of stocks across the globe rose 0.64 points, or 0.07 per cent, to 924.94. The pan-European STOXX 600 index rose 0.5 per cent. Investors digested upbeat quarterly results from TSMC, which showed strong demand for the world's largest contract chipmaker's products, fuelled by surging interest in artificial intelligence applications. TSMC's report came a day after AI chip giant Nvidia became the world's first public company to reach $4 trillion in market value, although it closed off that level. The dollar index, which measures the U.S. currency against a basket of currencies, including the yen and euro, rose 0.4 per cent to 97.77. In cryptocurrencies, bitcoin gained 0.46 per cent to $111,289.21. U.S. Treasury yields edged higher after U.S. data showed that jobless claims unexpectedly fell last week and before the U.S. Treasury Department was set to sell $22 billion in 30-year bonds. The yield on benchmark U.S. 10-year notes was last up 1.4 basis points on the day at 4.356 per cent.
