Overview
The U.S. stock market ended on a high note thanks to promising trade talk developments. The S&P index reached an all-time high as news broke about U.S.-Japan trade negotiations and anticipated agreements with Europe.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
President Trump announced a 15% tariff on Japanese imports, reciprocating Japan's vow to invest $550 billion in the U.S. This deal has set a positive precedent, though Europe remains cautious in its negotiations. After-hours, Google exceeded earnings expectations and announced increased capital expenditures for its data centers. Meanwhile, Tesla reported sales below market expectations, cautioning about potential future uncertainties due to expiring tax benefits.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 20:15 | European Central Bank Interest Rate Decision |
| 20:30 | U.S. Weekly Unemployment Claims |
| 20:30 | U.S. June Chicago Fed National Activity Index |
| 20:45 | U.S. July S&P Global Manufacturing PMI |
| 20:45 | U.S. July S&P Global Services PMI |
| 20:45 | U.S. July S&P Global Composite PMI |
| 23:00 | U.S. June New Home Sales |
| 23:30 | U.S. EIA Natural Gas Storage |
| 00:00 | U.S. July Kansas City Manufacturing Index |
General Opinion
The U.S. stock market has shown resilience amid trade agreement prospects, but uncertainty remains with European negotiations. Major companies are reporting favorable earnings, although some are cautious about future forecasts. Investors are closely monitoring tomorrow's economic indicators for further market guidance.
