Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Dow surges 700 points after EU tariff delay

Dow gains 740 points as Trump delays EU tariffs, ending four-day losing streak amid strong consumer confidence and tech rally.

Published

on

Dow gains 740 points as Trump delays EU tariffs, ending four-day losing streak amid strong consumer confidence and tech rally.

In Short:
Stocks surged after President Trump delayed tariffs on EU imports, ending a four-day slump. Tech stocks rose sharply, with strong consumer confidence data further boosting the market.

Stocks rebounded significantly on Tuesday, with the Dow Jones Industrial Average increasing by 740.58 points, or 1.78%, ending the day at 42,343.65.

The S&P 500 also rose by 2.05% to 5,921.54, while the Nasdaq Composite saw a notable increase of 2.47%, reaching 19,199.16.

This rally ended a four-day losing streak for the major indices.

The market’s surge followed President Donald Trump’s announcement over the holiday weekend to delay a proposed 50% tariff on imports from the European Union.

Trump’s decision came after a request from Ursula von der Leyen, president of the European Commission, postponing the deadline to July 9.

U.S. consumer confidence data released on Tuesday exceeded expectations for May, contributing to the market’s positive movement amid hopes for impending trade agreements.

Tech stocks

Tech stocks, in particular, performed well, with Tesla shares jumping about 7% after CEO Elon Musk indicated a renewed focus on company operations rather than political issues.

Other tech companies like Nvidia, AMD, Apple, and Microsoft also saw gains.

In addition to tech, U.S. Steel shares climbed roughly 2% amid news of an impending acquisition by Japan’s Nippon Steel.

The trading week started strong after a closure on Monday for Memorial Day, with the majority of S&P 500 stocks showing gains.

Market observers will watch for upcoming earnings reports from Okta, Nvidia, Macy’s, and Costco.

Over 95% of S&P 500 companies have reported earnings this season, with nearly 78% exceeding analyst forecasts.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

News

U.S. – India trade deal cuts tariffs and reshapes global energy flows

US cuts tariffs on Indian goods to 18%; India reduces Russian oil imports and enhances US energy purchases.

Published

on

US cuts tariffs on Indian goods to 18%; India reduces Russian oil imports and enhances US energy purchases.

The United States has reduced tariffs on Indian goods to 18 percent following a landmark trade agreement. This move comes after months of trade tensions between the two nations and is seen as a major win for India’s economy.

Under the deal, India will end its purchases of Russian oil while increasing imports of U.S. energy and other products. Prime Minister Narendra Modi praised the agreement, saying it will strengthen India’s economic growth and global trade relationships.

Following the announcement, U.S.-listed shares of major Indian companies have seen positive movement, signalling investor confidence in the trade deal.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Iran orders nuclear talks with the U.S. as tensions rise at home and abroad

Iran seeks nuclear talks with the U.S. in Turkey, amid concerns over missiles, uranium, and domestic unrest.

Published

on

Iran seeks nuclear talks with the U.S. in Turkey, amid concerns over missiles, uranium, and domestic unrest.

Iran’s President has ordered the resumption of nuclear negotiations with the United States, with talks expected to take place in Turkey in the coming weeks.

Iran’s Foreign Ministry says regional countries will help facilitate the discussions, signalling a renewed diplomatic push after years of stalled engagement and rising tensions.

Despite the move, officials warn the talks won’t be easy, with deep disagreements still unresolved on both sides.


Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

News

Trump responds as Kristi Noem mandates body cameras for federal officers in Minneapolis

Trump advocates body cameras for police to prevent false claims; Noem mandates all federal officers in Minneapolis to wear them.

Published

on

Trump advocates body cameras for police to prevent false claims; Noem mandates all federal officers in Minneapolis to wear them.


Homeland Security Secretary Kristi Noem has ordered body cameras for all federal agents in Minneapolis following public outrage over the deaths of two U.S. citizens at the hands of immigration officers. Donald Trump says body cameras help prevent false claims against police.

The policy change comes as videos and eyewitness accounts have challenged official narratives and fuelled demands for transparency and reform.


Download the Ticker app

Continue Reading

Trending Now