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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
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Trump's Semiconductor Tariff Plans Leave Tech Industry on Edge


In a move that has sent ripples through the tech industry, former U.S. President Donald Trump announced plans to introduce tariffs on imported semiconductors. Speaking aboard Air Force One, Trump hinted at flexibility for certain companies but emphasized the need to bolster domestic production of chips and electronics. This announcement follows a series of tariff exemptions for consumer electronics, which had briefly raised hopes within the tech sector.

Commerce Secretary Howard Lutnick clarified that while some products like smartphones and laptops are temporarily exempt, they will likely face separate tariffs in the coming months. This back-and-forth has created significant uncertainty, with industry leaders expressing concerns over potential disruptions to global supply chains and increased costs for consumers.

The semiconductor tariffs are part of a broader strategy to reshape the electronics supply chain and encourage domestic manufacturing. However, the tech industry remains wary, as these measures could lead to retaliatory actions from trade partners and further volatility in the market. 

The coming weeks will reveal the full scope of these tariffs and their impact on the global tech landscape.

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