Samsung’s chip business has won the biggest deal from one customer to date, courtesy of Elon Musk
NEW YORK (AP) – US stocks hang near record highs Monday after the US agreed to tax cars and others Products delivered at 15% rate from the European Unionlower than President Donald Trump had previously threatened. But many details have yet to be resolved, so Wall Street is heading for a week full of potential flashpoints that could shake the market.
S&P 500 added an additional 0.1% in early trading Last week, I set the highest setting every day. Dow The Jones Industrial Average fell 19 points or less than 0.1% at 9:35am Eastern time; Nasdaq Composite is 0.3% higher, falling off its own record.
Stocks of US companies that produce and move liquefied natural gas have helped drive the market after the head of the European Commission said they would purchase $750 billion in US energy products over the next three years. It will help reduce Europe’s dependence on Russia on natural gas. Cheniere Energy The next Decard rose 3.4% and 3.4%.
Tesla CEO Elon Musk added 0.2% after saying he had signed a deal Samsung Electronics worth more than $16.5 billion to provide chips to electric vehicle companies. Samsung’s stock in South Korea rose 6.8%.
More fireworks may be ahead this week. “This is as busy as it can be on the market in a week,” according to Chris Larkin, managing director of trading and investments. Morgan Stanley.
With hundreds of US companies lined up, ready to report on how much profit they made in the spring, nearly a third of all businesses on the S&P 500 Index will be offering updates. That includes heavyweights in the market. apple, Amazon, Meta Platform and Microsoft. These companies are growing so much that inventory movements can pretty much determine what the overall S&P 500 indexes do. Microsoft alone is worth around $3.8 trillion.
On Wednesday, the Federal Reserve will announce its latest decision on interest rates.
Trump has been yelling and angering for the Fed to cut interest rates. This is a move that will help boost the economy. But Fed Chairman Jerome Powell has argued that before the Fed makes another move, he wants to wait for more data on how Trump’s tariffs are affecting the economy and inflation. Also, lower interest rates can give more fuel to inflation, and the economy has recently emerged from scar runs where inflation temporarily exceeds 9%.
Wide range of expectations on Wall Street is to wait for the Fed to resume cut rates until September, but there are likely several Trump appointees to oppose the vote. The Fed has put on interest rates this year since it was cut several times at the end of 2024.
This week will also feature some potential market moving updates regarding the economy. On Tuesday, we will be reporting on how confident our consumers are and how many jobs our employers are advertising. Wednesday provides the first estimates of how quickly the US economy grew in the spring, with economists hoping to see a slowdown from the first three months of the year.
On Thursday, the latest inflation measures the Federal Reserve likes to use will arrive. A modest read can give the Fed more room to cut interest rates in the short term, but someone who is hotter than expected may be more careful about it.
And Friday will provide an update on how workers employed in June hired more workers than were fired.
Treasury yields are relatively stable in the bond market prior to all of its actions. The Treasury yield for the 2010 year period remained at 4.40%, late Friday. The two-year financial yield, which more closely tracks forecasts for the Fed’s actions, ranged from 3.91% to up to 3.92%.
In the overseas stock market, indexes were mixed in Europe, mainly amid a modest move following the announcement of trade trading frameworks.
Chinese stocks rose as the world’s second-largest economic officials prepare to meet with the Swedish US delegation Trade Consultation. Stocks rose 0.7% in Hong Kong and 0.1% in Shanghai.
The index was mixed into other parts of Asia, where Japan’s Nikkei 225 fell 1.1% in one of the world’s major losses. Questions have emerged Last week’s trade ceasefire between Japan and Trump, particularly with Japan’s $550 billion investment pledge to the United States
The terms of the contract are still negotiated and nothing has been formalized in writing, said an official who insisted anonymity to detail the terms of the consultation. Officials suggested that the target was $550 billion in funding to invest in Trump’s directions.