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Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

  Markets defy trade jitters with mixed performance Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close , buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain , while the Dow Jones Industrial Average slipped 0.3% , reflecting investor caution amid escalating tariff tensions. Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports , markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves. Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results , signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 befor...
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Market Update: Dow Futures Slip as Investors Reevaluate Rate-Cut Expectations

 

The stock market experienced a downturn today as Dow futures slipped, reflecting a broader retreat in stocks. This shift comes as investors reassess their expectations for potential interest rate cuts by the Federal Reserve.

The reevaluation follows a robust jobs report that has led many to believe that the Federal Reserve may not cut rates as aggressively as previously anticipated. This sentiment is further compounded by the upcoming release of key inflation data and the start of the third-quarter earnings season.

In early trading, the Dow Jones Industrial Average futures fell by 0.3%, while the S&P 500 and Nasdaq 100 futures also saw declines. Investors are now closely watching for any signals from the Federal Reserve and upcoming economic indicators that could influence the central bank’s policy decisions.

The market’s cautious stance highlights the ongoing uncertainty and volatility as investors navigate through mixed economic signals and adjust their strategies accordingly.


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