Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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The S&P 500 marked its fifth consecutive record close on Friday, driven by strong corporate earnings and optimism over potential trade agreements. At the 4:00 p.m. ET close, the Dow Jones Industrial Average gained 208 points (0.5%), the S&P 500 added 0.4%, and the Nasdaq Composite rose 0.2%.
Investor sentiment remained upbeat as nearly 83% of the 155 S&P 500 companies that have reported so far exceeded Wall Street estimates, pushing both the S&P and Nasdaq to fresh intraday and closing highs this week.
Trade developments also buoyed markets. U.S. President Donald Trump indicated a 50-50 chance of finalizing a trade deal with the European Union by Sunday, calling it potentially the biggest agreement among recent negotiations. The European Commission signaled optimism, with talks set to continue ahead of the August 1 deadline. Meanwhile, U.S. and Chinese officials are scheduled to meet in Stockholm next week to extend negotiations following earlier tariff-reduction agreements in May and June.
On the corporate front, Intel shares fell after projecting steeper third-quarter losses than analysts expected and announcing plans to reduce its workforce to 75,000 by year-end, a 22% cut from 2024 levels. Conversely, Deckers’ stock surged as strong first-quarter sales from its Hoka and Ugg brands exceeded forecasts. Paramount Global also edged higher after the Federal Communications Commission approved its $8 billion merger with Skydance Media.
With earnings season in full swing and major trade negotiations underway, investors are closely watching for signs of continued momentum in U.S. equities, which have rallied to historic levels despite lingering global trade tensions and cautious corporate guidance.
