Equity markets closed sharply lower overnight as escalating geopolitical tensions in the Middle East rattled investors and sent volatility soaring.
Stocks recovered from early losses due to middle east tensions, to finish slightly higher, underpinned by an Oracle-led rally in big tech and further signs of cooling inflation.
Stocks snapped a three-day winning streak despite slowing inflation stoked bets on Federal Reserve rate cuts just as US President Donald Trump “confirmed” that his administration had struck a trade deal with China, albeit without any confirmation from China
Stocks edged higher overnight on rising hopes for a U.S.-China trade deal after U.S. Commerce Secretary Howard Lutnick said the second-day of trade talks between the two nations were “going well.”.
Stocks squeezed out a small gain as the US/China trade talks started a positive footing, while markets and financial media completely ignored that active marines joined the national guard in Los Angeles to combat riots.
Stocks headed lower overnight as investors weighed up whether it’s smart to be optimistic about the US President after very public fallout between the President and Elon Musk and a “positive” US-China call on trade that either side refused to release details about
Stocks drifted lower overnight as weaker labor data stoked concerns about the economy just as US/China trade relations continued to sour ahead of talks expected this week between President Donald Trump and Chinese President Xi Jinping.
US Indexes were yet again underpinned by a surge in semiconductor stocks, namely Nvidia, on AI enthusiasm as investors awaited further update on trade deals after the White House confirmed that countries should submit their best trade offers by Wednesday.
Stocks shrugged off rising tensions between China and the U.S. that threatens to spark a global trade war between the largest two economies.
Stocks ended lower on Friday as chip stocks including Nvidia were pressured rising U.S. China trade tensions, wrapping up a month where the US indices had their strongest month since 2023.
Stocks were lucky to be saved by Nvidia’s earnings result overnight, with the worlds 3rd biggest company, single handedly holding up the index against broader weakness
Stocks drifted lower overnight on fresh trade-related angst after President Donald Trump reportedly ordered U.S. chip software makers to stop selling to China, and the Federal Reserve’s May meeting minutes underscoring tariff-related uncertainty.
