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

4 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.

News

Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

Published

10 hours ago

October 1, 2025

ticker NEWS

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia

News

Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

Published

1 day ago

October 1, 2025

Ahron Young

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.

U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.