The Dow Jones closed approximately 0.75% higher, marking a second consecutive gain fueled by President Trump's decision to delay tariffs on EU imports. This move alleviated trade war fears and provided much-needed relief for U.S. businesses. The delay extends trade discussions until July 9, creating a pause amidst global economic uncertainties. Investor focus has shifted to Nvidia's upcoming earnings report, which could significantly influence market sentiments. Additionally, rising U.S. consumer confidence signals positive economic prospects, potentially boosting future household spending.
The Dow Jones (US30) rose nearly 0.75% due to President Trump's delay of tariffs on EU imports, easing trade war fears and improving market sentiment.
The tariff delay is a strategic move that not only reduces pressure on U.S. businesses but also creates a pause in tensions amid global economic uncertainty.
Investor focus is shifting to Nvidia's earnings report, as its performance could impact not just the technology sector but also broader U.S. market sentiments.
U.S. consumer confidence rose to 98 in May, indicating optimism about income prospects and the economy, which may lead to increased household spending.
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