According to a Reuters report, Polish Prime Minister Donald Tusk said that while the U.S. had pledged to consult with Europe before the summit with Putin, he will wait and watch for the meeting’s outcome.
The economist stated in his latest post that Trump has completely reversed 90 years of gradual trade liberalization, bringing America back to Smoot-Hawley tariff rates.
U.S. market breadth showed little change on Friday, with advancing and declining issues nearly balanced. Short-term momentum indicators remained moderate, while longer-term breadth metrics were stable. The data points to a market still searching for direction after a volatile start to August.
O’Leary highlighted the rebound in U.S. equities since President Trump announced his “Liberation Day” tariffs in April, according to a Business Insider report.
Tech-saturated Nasdaq 100 ETFs hit record highs despite U.S. tariff hike. Leading the pack were Invesco's QQQ, QQQM and QQQE. Strong performance driven by confident investors and stable big-cap techs.
Tech stocks staged a full rebound from last Friday's sell-off, with the Nasdaq 100 surging to 23,600 — just shy of the 23,700 all-time high set in late July, as the week’s strong sector earnings and broad gains among the Magnificent Seven fueled the rally.
According to a Bloomberg report, Musalem said that the central bank is not missing on its employment mandate, pointing to the labor market being close to full employment.
