Monday’s session saw US stocks finish on a mixed note after a fresh US-EU trade deal cut tariffs on most EU imports from 30% to 15%! The Dow dipped 64.36 points (0.14%) to 44,837.56, while the S&P 500 inched up by 1.13 points (0.02%), and the Nasdaq climbed 70.27 points (0.33%) to 21,178.58.
Market sectors had varied stories—8 of the 11 primary S&P 500 sectors ended in red, with real estate and materials taking the heaviest hits at 1.75% and 1.44%, respectively. Meanwhile, energy and technology sectors shined, rising 1.15% and 0.77%! 📉📈
In tech news, Tesla surged 3% after announcing a massive $16.5 billion deal with Samsung to source advanced AI chips. Other tech giants such as Nvidia, Broadcom, Apple, Amazon, and Meta also saw positive moves, even as Microsoft and Alphabet experienced slight dips. 🚀
Investors are now eyeing a busy week ahead. Key economic data—covering job openings, private payrolls, and jobless claims—will roll out, complemented by earnings reports from over 150 S&P 500 companies. Big names like Meta and Microsoft are set to report on Wednesday, followed by Amazon and Apple on Thursday, with market watchers closely tracking evolving AI investment trends.
The Federal Reserve has started its two-day policy meeting on Tuesday, with a decision expected on Wednesday. While no immediate changes in interest rates are anticipated, traders are keenly watching for any hints of a potential rate cut in September.
Stay tuned and keep your eyes on the market—real-time shifts like these are shaping the future of global finance!
Reference(s):
cgtn.com
