Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. stock futures edged lower Thursday evening as investors digested fresh tariff measures announced by President Donald Trump and mixed quarterly earnings from Amazon and Apple. The market also awaited Friday’s key nonfarm payrolls report, following new economic data showing mild inflation and slightly higher jobless claims.
By 20:26 ET, S&P 500 Futures slipped 0.3% to 6,358.50, Nasdaq 100 Futures fell 0.4% to 23,278.75, and Dow Jones Futures dropped 0.2% to 44,227. In Thursday’s regular session, the S&P 500 declined 0.4%, the Dow Jones Industrial Average fell 0.7%, while the NASDAQ Composite closed nearly flat.
Amazon shares plunged over 7% in extended trading after issuing weak operating income guidance and disappointing AWS cloud results, falling short of investor expectations set by rivals’ stronger performances. Conversely, Apple stock gained 2% after beating revenue and earnings forecasts and providing an upbeat outlook for the current quarter.
Investors are also reacting to Trump’s new reciprocal tariffs, set to take effect August 1, ranging from 10% to 41% on imports from multiple countries. The order imposes 25% tariffs on goods from India, 20% on Taiwan, and 30% on South Africa, while raising Canadian tariffs to 35% from 25% over fentanyl-related concerns. A separate 15% tariff was announced earlier on imports from South Korea.
Economic data showed initial jobless claims rose slightly to 218,000 last week, signaling a still-resilient labor market. Meanwhile, June consumer spending increased, and the Personal Consumption Expenditures (PCE) Price Index rose 0.3%, matching forecasts and slightly above May’s 0.2%, providing fresh signals on U.S. inflation trends amid heightened trade tensions.
