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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Global Markets Reel as China Responds to U.S. Tariffs

 


Global financial markets faced a sharp downturn as China announced retaliatory tariffs in response to U.S. President Donald Trump's sweeping trade measures. The Chinese government imposed a 34% tariff on all U.S. imports, mirroring the rate of the U.S. tariffs introduced earlier this week. This move has intensified fears of a global trade war, sending shockwaves through stock markets worldwide.

Major indices, including the S&P/TSX in Canada, experienced significant losses, with futures dropping by 2.7% early Friday. Asian and European markets also saw steep declines, while U.S. stock futures pointed to further losses on Wall Street. The tariffs have raised concerns about a potential global recession, as industries and economies brace for the impact of escalating trade tensions.

Commodities were not spared, with oil prices hitting their lowest levels since the pandemic, and gold—a traditional safe haven—experiencing fluctuations. Economists warn that the ongoing trade conflict could lead to a contraction in global trade volumes, further straining economic growth.

The situation remains fluid, with investors and policymakers closely monitoring developments. The global economy now faces a critical juncture as the repercussions of these tariffs unfold.

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