Fed Unveils Stablecoin Rules Under GENIUS Act 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump, Xi Focus on Trade and AI at White House Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
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The S&P 500 and Nasdaq closed at record highs Monday, driven by gains in Alphabet (NASDAQ:GOOGL) and other major tech stocks ahead of key earnings reports and potential trade developments. Alphabet surged 2.7% ahead of its Wednesday earnings, while Tesla (NASDAQ:TSLA), also reporting the same day, dipped 0.35%. Apple (NASDAQ:AAPL) rose 0.62% and Amazon (NASDAQ:AMZN) climbed 1.43%, further boosting the indexes.
Verizon (NYSE:VZ) jumped over 4% after raising its annual profit forecast. Analysts expect S&P 500 companies to post a 6.7% increase in Q2 earnings, with Big Tech leading the gains, according to LSEG I/B/E/S. U.S. Bank strategist Tom Hainlin noted that earnings so far have met or exceeded expectations, with no signs of weakening corporate profits or consumer demand.
As President Trump’s August 1 tariff deadline nears, the S&P 500 has risen about 8% in 2025, fueled by hopes trade tensions will ease. Trump has warned of tariffs up to 50% on imports from several countries, including Mexico, the EU, and Japan. Commerce Secretary Howard Lutnick remains optimistic about a U.S.-EU deal despite European countermeasures.
The S&P 500 gained 0.14% to close at 6,305.60, the Nasdaq rose 0.38% to 20,974.18, while the Dow dipped 0.04% to 44,323.07. Seven of 11 S&P sectors advanced, led by communication services (+1.9%) and consumer discretionary (+0.6%). Trading volume hit 19.7 billion shares, above the 20-day average.
Investors now await Fed Chair Jerome Powell’s Tuesday speech and Thursday’s jobless claims and business activity data for interest rate clues. A July rate cut is seen as unlikely, but markets price in a better-than-even chance of a cut by September, per CME Group’s (NASDAQ:CME) FedWatch tool.
