US Edition
Stocks Rise on Wall Street and Hold on to Weekly Gains
NEW YORK, UNITED STATES, AUG 7 – Chipmakers with significant U.S. investments gained following Trump's 100% tariff threat on imported semiconductors, while the Dow and S&P 500 indexes fell amid mixed economic signals.
- On Friday, Wall Street reacted mixed as President Donald Trump threatened tariffs on semiconductors; Intel sank 3.1%, AMD and Nvidia rose.
- Amid volatile trading, Stephen Innes of SPI Asset Management warned markets can reverse rapidly from Monday to Friday, as Trump announced 100% tariffs on semiconductors with exemptions for U.S. investments.
- Among key indicators, the Nikkei 225 in Tokyo was 41,820.48, the euro slipped to $1.1639 from $1.1667, and Brent crude rose 19 cents to $66.61 per barrel.
- Across U.S. markets, stocks are on pace for a third weekly gain as hopes for Federal Reserve rate cuts and strong corporate profit reports offset tariff concerns.
- Amid ongoing trade frictions, Japan’s main trade envoy seeks corrections to U.S. tariffs, which strategists warn could punish market certainty in the future.
52 Articles
52 Articles
Times-Standard
Stocks rise on Wall Street and hold on to weekly gains
By DAMIAN J. TROISE, Associated Press Business Writer NEW YORK (AP) — Stocks rose in morning trading on Wall Street Friday, keeping the market on track for its third weekly gain in the last four. The S&P 500 was up 0.6% and sitting just below its record. The benchmark index is on track to recover most of its losses from a slide last week. The Dow Jones Industrial Average rose 188 points, or 0.4%, as of 9:57 a.m. Eastern. The Nasdaq added 0.6% to…
Pittsburgh Post-Gazette
Stocks inch higher on Wall Street and hold on to weekly gains
NEW YORK (AP) — Stocks are edging higher on Wall Street, keeping the market on track for its third weekly gain in the last four. The S&P 500...
The US market lost its early morning momentum on fears of Trump tariffs, with the Dow and S&P in mild declines, while the Nasdaq maintained a positive sign.
The operations inside the New York Stock Exchange present mixed movements, while investors assimilate the latest threat from President Trump to impose 100 percent tariffs on semiconductors.So far, the Nasdaq is the only one that rises 0.55 percent, to 21 thousand 288.64 integers, while the Dow Jones falls 0.51 percent, to 43 thousand 969.18 units, and the S&P 500 with 0.02 percent less, is placed at 6 thousand 346.43 points.“At these index level…
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