Stocks dip, retreating from record highs hit
Digest more
US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.
Wall Street traders left stocks at all-time highs while the dollar climbed the most since May, with a tariff deal between President Donald Trump and the European Union bolstering hopes for an extension of a China trade truce.
Stocks jumped to record highs on Thursday, with investors brushing off the latest Trump-Powell drama to focus on strong earnings and robust economic data.
US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street. The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.
The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday, while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts.
NEW YORK -- U.S. stocks capped another strong week with more records on Friday. The S&P 500 rose 0.4% to set an all-time high, the fifth time it did so this week. The Dow Jones Industrial Average climbed 208 points, or 0.5%, and the Nasdaq composite added 0.2% to its own record set the day before.
Retail investors are largely behind the stock market reaching new records, buying $50 billion in stocks in the last month alone, Barclays estimated.
US stocks close mixed after the FT says Trump wants an at least 15%-20% tariff on all EU goods. S&P 500 and Nasdaq come off Nasdaq record highs.
The Dow Jones Industrial Average slumped by 0.3 per cent while the S&P 500 was flat at 6,296.79. Read more at straitstimes.com. Read more at straitstimes.com.
S&P 500 futures were up 0.1%, Dow Jones Industrial Average futures gained 51 points, or 0.1%, and Nasdaq 100 futures hovered near the flatline.
11h
9News on MSNTrump threatens Russia with tariffsUS President Donald Trump has thrown down the gauntlet to both Vladimir Putin and Benjamin Netanyahu, during a meeting with British Prime Minister Keir Starmer in Scotland.