Overview
Amid upcoming corporate earnings and the Federal Reserve's interest rate decisions, the stock market surged on positive developments in trade negotiations.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
President Trump announced a tariff agreement with Europe, hinting at nearing a deal with China while leaving some room for uncertainty. Tariffs on European goods were reduced from 30% to 15%, leading to mixed reactions among European leaders. Meanwhile, discussions on extending the U.S.-China tariff truce continue, with both countries seeking economic stability.
Tomorrow's Economic Indicators
| Release Time | Indicator |
|---|---|
| 20:30 | U.S. Goods Trade Balance |
| 20:30 | U.S. Wholesale Inventories |
| 20:55 | Johnson Redbook Retail Sales Index |
| 21:00 | May Home Price Index |
| 23:00 | U.S. JOLTS Job Openings |
| 23:00 | July Conference Board Consumer Confidence Index |
| 20:30 | Chicago Fed National Activity Index |
| 14:00 | 7-year Treasury Note Auction |
A General Opinion
This week is anticipated to be highly eventful with various economic indicators and corporate earnings expected to create significant market volatility. Investors are closely watching the Federal Reserve's interest rate decisions and Chairman Powell's statements, which may heavily influence market momentum moving forward.
