U.S. markets experienced modest losses influenced by new tariff announcements from the Trump administration. The Nasdaq Composite fared best among major indexes due to robust tech stocks. The tariffs, impacting countries like South Korea and Japan, specifically targeted copper imports at a steep 50% rate, resulting in a spike in U.S. copper futures. Investor sentiment reflected a maturity in response to trade tensions. Delta Air Lines reported improving demand, positively affecting the airline sector, while the Federal Reserve's split views on rate cuts highlighted ongoing economic uncertainty. European markets saw modest gains, despite new tariff threats from the U.S.
U.S. markets edged lower as fresh tariff announcements from the Trump administration emerged. The Nasdaq Composite declined slightly due to strong tech stock performance.
Tariffs targeted various countries, including South Korea and Japan, with a significant 50% rate on copper imports. This caused a rise in U.S. copper futures.
Despite geopolitical tensions, Delta Air Lines' earnings optimism positively impacted the airline sector, indicating increased demand and the reinstatement of 2025 guidance.
While most Federal Reserve policymakers anticipate rate cuts later this year, some express reluctance, hinting that cuts may be pushed back into 2026.
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