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

7 months ago

May 28, 2025

Ahron Young

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.

Netflix vs Paramount: The Warner Bros takeover battle explained

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

Published

9 hours ago

December 11, 2025

Harvey Vargas

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.

Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.

Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?

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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker

News

Elon Musk’s SpaceX plans $25 billion IPO in 2026

Published

10 hours ago

December 11, 2025

Harvey Vargas

SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.

Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.

The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.

SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.

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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup

News

U.S. visa waiver travelers may need to share social media profiles

Trump admin proposes tourists disclose social media profiles for security under visa waiver program, impacting 42 countries.

Published

10 hours ago

December 11, 2025

Harvey Vargas

Trump admin proposes tourists disclose social media profiles for security under visa waiver program, impacting 42 countries.

The Trump administration has proposed new rules requiring tourists visiting the United States under the visa waiver program to disclose their social media profiles. This applies to citizens from countries including Australia, the UK, and France, who would need to provide five years of social media history.

The requirement specifically targets travelers using the Electronic System for Travel Authorization (ESTA), which covers 42 countries. US Customs and Border Protection says the move is necessary to enhance national security.

Public comments on the proposal will be open for 60 days, and full implementation could take several months. It’s still unclear whether private messages would be included or if only public profiles are required.

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#USVisa #TravelNews #SocialMediaCheck #ESTA #NationalSecurity #TravelUpdate #VisaWaiver #TourismRules