Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
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 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Wall Street surged on Friday, with the S&P 500 and Nasdaq closing at all-time highs as investor sentiment rose on trade deal optimism and growing expectations for interest rate cuts by the Federal Reserve. Despite some volatility after President Trump ended trade talks with Canada over its digital tax on tech firms, all three major U.S. indexes logged weekly gains.
The Nasdaq officially entered a bull market, climbing more than 20% from its April 8 low. The Dow Jones Industrial Average jumped 432.43 points (1.00%) to 43,819.27, the S&P 500 added 32.05 points (0.52%) to 6,173.07, and the Nasdaq gained 105.55 points (0.52%) to close at 20,273.46.
Investors are increasingly betting on a Fed rate cut, with CME’s FedWatch tool showing a 76% probability of a September cut and 19% odds for July. Economic data added fuel to the rally, with May’s PCE report showing unexpected drops in consumer income and spending, while inflation stayed above the Fed’s 2% target. Consumer sentiment also improved, though it remains below post-election highs.
In sector performance, consumer discretionary led the S&P 500, while energy lagged. AI stocks gained momentum as Micron’s strong outlook boosted investor confidence. Nvidia rose 1.8%, approaching a $4 trillion valuation. Nike shares soared 15.2% after better-than-expected guidance.
Market breadth showed advancing NYSE stocks outpacing decliners by 1.29-to-1, with 347 new highs. On Nasdaq, decliners slightly outnumbered gainers. The session saw unusually high trading volume, hitting 22.07 billion shares versus the 20-day average of 18.27 billion.
Overall, investors continue riding bullish momentum driven by AI optimism, monetary policy expectations, and hopes for global trade resolution.
