Dow Jones Index (^DJI) Drops After Trump Gives Tariff Updates () program details. Reviews, Scam or Paying

The Dow Jones Industrial Index (^DJI) closed lower on Tuesday after US President Trump gave an update on Tariff talks with several countries. The US president has declared that he will not extend the August 1 deadline for major trading partner countries to reach deals with the US, worrying investors in the US markets. The S&P 500 (^GSPC) hovered near the flat line, while the Dow was down just under 0.4%. Fortunately, the 30-stock index is still finding support at the 44,000 level.

Two banks in particular weighed down the Dow Jones index the most on Tuesday. JPMorgan Chase (JPM) sank more than 3% after HSBC downgraded the Big Bank to reduce from a hold rating. Shares are coming off an all-time high reached Thursday. Goldman Sachs (GS) also weakened as the session wore on, increasing its loss to nearly 2%. The bank stock is extended from a cup-with-handle buy point of 620.79.

Also Read: Asian Currencies To Fall & Weaken After Trump’s New Tariffs

Parts of the market did respond sharply to the headlines. Copper futures (HG=F) jumped more than 10% after Trump pledged to impose a 50% tariff on certain imports. Meanwhile, major pharmaceutical stocks, including Pfizer (PFE), Amgen (AMGN), and AbbVie (ABBV), pared earlier gains after Trump said he plans to unveil a new pharmaceutical tariff program “very soon.”

Elsewhere, Wall Street expects a quiet week in terms of economic releases and earnings. Minutes from the Federal Reserve’s June meeting are due on Wednesday. These notes could help give the market a nudge forward.

  • Dow Jones
  • Stocks

Comments

Post a Comment

Popular posts from this blog

De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar () program details. Reviews, Scam or Paying

Image
The US dollar has faced substantial headwinds over the last decade. The de-dollarization movement has made significant inroads globally. China, along with the other BRICS nations, has expressed its desire to use an alternative to the US dollar. The Chinese yuan has emerged as one such currency that many nations are turning to. Also Read: Top 3 Cryptocurrencies That Could Make A Recovery This Week De-Dollarization: Experts Weigh In On The Yuan Vs. USD War Source: Watcher Guru According to IMF data, the US dollar accounted for 58% of global foreign exchange reserves. The figure was closer to 65% 10 years ago. The data highlights the growing de-dollarization sentiment. While there is no doubt a decline in the dollar’s dominance, the strengthening of the yuan may be a little overstated. According to Lucy Ingham, editor-in-chief, FXC Intelligence, “ This narrative is overstated and doesn’t give a true picture of what is really happening. “ According to James Lord from Morga...
Read more

Ripple (XRP) Prediction For The Weekend, How High Can The Token Surge?  () program details. Reviews, Scam or Paying

Image
Ripple (XRP) is one of the leading crypto tokens that has lately been carving its independent price trajectory. The token is gearing up to launch its stablecoin while inviting a massive user influx, making it one of the trending crypto tokens to explore. Here’s how high XRP may surge this weekend as the token gains immense value and attention. Also Read: Cryptocurrency: Top 3 Coins That Tron Founder Justin Sun Owns The Ripple Ecosystem: What’s Happening Source – Ajaib Kripto XRP is currently one of the most noteworthy tokens to explore at the moment. Ripple is all set to launch its own stablecoin, RLUSD, a credible development that has been gaining steady traction as of late. The token is also expected to recover its lost valuations as the US political domain considers a dramatic shift by appointing a pro-crypto Paul Atkins as the new SEC chair. The change in the US political regime is crucial for XRP, as it could lead the token to finally end its yearlong spat with th...
Read more

CBDC: House Blocks Fed’s Digital Dollar Push () program details. Reviews, Scam or Paying

Image
CBDC initiatives are now facing a major setback right now, as the U.S. House Financial Services Committee has voted 27-22 to advance the Anti-CBDC Surveillance State Act. This Republican-led bill, which is being championed by Rep. Tom Emmer of Minnesota, aims to block the Federal Reserve from issuing a digital dollar amid some growing fears over financial surveillance and crypto regulation. At the time of writing, the bill is now headed to the full House for consideration. Anti-CBDC Surveillance State Act Bill – Source: Emmer.house.gov Also Read: Trump’s Tariffs Trigger De-Dollarization – Central Banks Rush to Buy Gold at ATH! Congress Slams CBDC Plan Over Surveillance, Fed, Regulation Fears Source: Watcher Guru The committee’s April 3rd decision represents a significant step in preventing government control over digital currencies. Unlike Bitcoin and also other decentralized cryptocurrencies, a CBDC would be monitored and managed by the Federal Reserve. Congressman Emmer st...
Read more