At the end of a volatile session, major indexes were all in the green as investors remained skeptical that Mr. Trump would implement new 30% tariffs on the European Union and Mexico. Experts said investors were betting that the tariffs would not be implemented at that level by August 1, which is why the market continued to rise.
Activities at the New York Stock Exchange, USA. (Photo: THX/TTXVN)
The Nasdaq Composite Index, which is heavily weighted toward technology stocks, rose 0.3% to 20,640.33, marking its third record gain in four days.
The S&P 500 index rose 0.1% to 6,268.56 points, close to its previous record, while the Dow Jones Industrial Average rose 0.2% to 44,459.65 points.
President Trump has relaunched his broad tariff campaign this week, vowing to raise tariffs on more than 20 countries if they fail to reach a deal with Washington. However, with a wait-and-see approach, markets view these statements as a negotiating tactic that will be adjusted during negotiations.
Besides the tariff issue, the market is waiting for reports from JPMorgan Chase, Bank of America and other banks to provide information, updates on the situation of the US consumer as well as the "health" of trading and investment activities of companies.
Markets are also looking ahead to the US government ’s June consumer price and retail sales reports, which will provide a basis for predictions on the likelihood and timing of a Federal Reserve (Fed) interest rate change. Futures markets are also looking at scenarios for a rate cut in September.
Source: https://vtcnews.vn/nasdaq-lap-ky-luc-moi-ar954399.html
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