President Donald Trump cleared Nippon’s bid for US Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion of investment over the next 14 months. US Steel’s headquarters will remain in fxcm canada review Pittsburgh, the president said. Trump Media announced Tuesday a $2.5 billion raise from institutional investors to bankroll one of the largest bitcoin treasury allocations by a public company, according to a CNBC report. The S&P 500 surged on Tuesday, driven by a broad-based rally that saw over 90% of its constituent stocks trading in the green. All 11 sectors of the benchmark index posted gains, signaling widespread market strength. The index climbed roughly 2%, poised to break a four-day losing streak.
The third-largest U.S. lender added that while the transaction is financially immaterial to the company, it is expected to result in a modest regulatory capital benefit at closing. By entering your email address, you agree to our Terms of Use and acknowledge the Privacy Policy. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. While policy headwinds for renewable power stocks are strong, BlackRock argues they’re priced in, and that the US needs power from all sources to fuel AI. Tesla shares advanced when CEO Elon Musk said he would move away from politics and be more involved with his businesses. They “aren’t condemning what Trump is doing and how he is operating and how he is handling issues like climate change and demolishing the judiciary,” Daan Spaargaren, senior strategist for responsible investing, said in an interview.
Stocks end week in red as tariff threats escalate, Trump backs US Steel-Nippon partnership
AMC’s stock soared 22%, Cinemark rose 3% and Marcus Theatres’ parent company Marcus Corporation popped 10%. Nippon Steel is considering offering a so-called golden share in US Steel (X) to the US government in order to finalise its long-sought acquisition of the iconic American firm, Japan’s Nikkei newspaper reported on Tuesday. Deliberations over the idea, which would give Washington the power to veto important management matters, were also reported by Japan’s Kyodo news agency. Trump Media & Technology Group (DJT) is doubling down on cryptocurrency, unveiling plans Tuesday to create what it claims will be one of the largest bitcoin treasuries held by any public company. The initiative is backed by a $2.5 billion private funding round, with commitments from roughly 50 institutional investors, according to a company press release.
Tesla stock soared 7% as Elon Musk said he will devote more time to his businesses. Apple is the worst-performing Magnificent Seven stock this year, and its 2025 drop of 22% stands in stark contrast to the 0.5% decline of the Nasdaq 100 Index, the report said. The stock has broken under key moving averages, but isn’t yet at the level that would indicate oversold conditions, based on its 14-day relative strength index. The CBOE Apple VIX, which tracks a market estimate of future volatility for the stock, jumped more than 30% last week.
According to CNBC US, Morgan Stanley analysts argued that the logistical and time-to-market challenges of domestic production outweigh the financial incentive of avoiding tariffs. “While ‘time to market’ of a US-produced iPhone is one major impediment, our math says a 25% tariff on iPhone imports isn’t enough incentive for Apple to reshore US-bound iPhone production,” the firm said. Tesla shares surged 5% after CEO Elon Musk announced he is turning his attention away from politics to concentrate more fully on his businesses. The move reassured investors who have been closely watching Musk’s public engagements and their potential impact on Tesla’s performance. Nvidia’s (NVDA) revenue from China is set to hit $6.2 billion in the AI chipmaker’s first quarter, accounting for over 14% of total revenue, according to consensus estimates from Wall Street analysts tracked by Bloomberg. That’s for the three months ending in late April, when Trump enacted a ban on sales of Nvidia’s H20 chips to China.
The latest index reading from the Conference Board was 98 in May, well above the 85.7 seen in April and the 87.1 economiss had expected. The expectations index surged off its 13-year low seen in April, reaching 72.8 May, far above the 55.4 seen the month prior. Taiwan’s president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with a 32% tariff from the Trump administration.
- By entering your email address, you agree to our Terms of Use and acknowledge the Privacy Policy.
- Taiwan’s president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with a 32% tariff from the Trump administration.
- Earnings season has seen several companies hold off from providing full annual guidance due to uncertainty around tariffs.
- The Dow Jones Industrial Average jumped 740 points, or roughly 1.8%, while the S&P 500 climbed 2.05%, ending a four-day losing streak for both indexes.
Crypto sector originally supported Trump but is now worried
“We are worried about that.” PME, with assets under management of about €57 billion ($65 billion), is the latest in a string of pension funds in Europe to express such concerns. Consumers could trim spending in the months ahead amid macroeconomic uncertainty and evolving White House policy, according to Barclays, as per a CNBC report. Falling yields provided a tailwind for equities, particularly in rate-sensitive sectors. Investors appeared to shrug off mixed signals from global markets, focusing instead on easing inflation expectations and optimism around AI-driven growth.
The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Get the latest updates on pre-market movers, S&P 500, Nasdaq Composite and Dow Jones Industrial Average futures. President Trump’s tariffs continued to be felt by importers in May with a measure of government receipts for “Customs and Certain Excise Taxes” already topping $22.3 billion this month, according to Treasury Department data. The monthly total is likely to rise only slightly in the coming days, with importers often depositing their tariff duties largely in a single day. A massive deposit of more than $16.5 billion appeared in government coffers on May 22.
The Dow Jones Industrial Average jumped 740 points, or roughly 1.8%, while the S&P 500 climbed 2.05%, ending a four-day losing streak for both indexes. The Nasdaq Composite rose 2.47%, driven by strong gains in technology stocks, including Tesla. Trump said Sunday he would postpone the tariff deadline to July 9, following a request from European Commission President Ursula von der Leyen. The delay comes after Trump proposed the steep import tax last week, originally set to take effect on June 1.
- Small-cap stocks rallied strongly during Tuesday’s broad market upswing.
- Investors appeared to shrug off mixed signals from global markets, focusing instead on easing inflation expectations and optimism around AI-driven growth.
- All 11 sectors of the benchmark index posted gains, signaling widespread market strength.
- The company recorded 75,869 deliveries of its SU7 sedan during the period.
- The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
- Xiaomi Corp. reported better-than-expected revenue in the March quarter as it moves to aggressively expand its presence in China’s EV market and grow its core smartphone business, according to a Bloomberg report.
US Stock Market LIVE: DJT shares fall 10% as Trump Media says it’s raising $2.5 billion to buy bitcoin, says report
An upbeat earnings report by Nvidia Corp. (NVDA) would bode well for a rally in US equities as investors have about $7 trillion parked in cash funds, according to BBVA strategists, as per a Bloomberg report. Institutional positioning in the US technology sector is “undemanding” with hedge funds and mutual funds still substantially underweight, strategist Michalis Onisiforou said. Exposure of trend-following Commodity Trading Advisors (CTA) Forex scalping strategy to the broader stock market is also neutral, while volatility control funds have plenty of room to add to risk, he said.
23andMe announced Tuesday that it will voluntarily delist from the Nasdaq and deregister with the U.S. Securities and Exchange Commission, according to a company statement. Stocks have suffered this week as deficit worries pushed up Treasury yields, which intensified as Trump’s tax bill forged ahead. Wall Street is still weighing the economic impact of Trump’s revised bill, which cleared a key hurdle in the House vote for approval. His comments also created another supply chain complication for companies that are already worried about the potential hit to the economy from Trump’s tariff blitz. Earnings season has seen several companies hold off from providing full annual guidance due to uncertainty around tariffs.
DOGE Proposed Cuts and the Impact On Your Wallet (and the Economy)
At the same time, Trump threatened to hike the tariff on EU imports to “a straight 50%” beginning June 1 as trade talks with the bloc have stalled. On Friday afternoon, Trump implied the tariffs would apply to other cell phone manufacturers. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed.
Signs You’re More Financially Savvy Than the Average American
US stocks fell on Friday to register weekly losses as investors assessed President Trump’s latest tariff threats and the potential impact of his massive tax bill on the deficit and the economy. Economists polled by Reuters had double top forex forecast these so-called core capital goods orders dipping 0.1% after a previously reported 0.2% drop in March. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber, according to a report on the website.
Elon Musk’s brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported on Tuesday, citing people with knowledge of the matter. The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to Reuters. The company had previously raised $280 million in a funding round led by Peter Thiel’s Founders Fund. US President Donald Trump said Tuesday he welcomed the European Union, after he agreed to delay a 50% tariff on goods from the bloc until July 9.“I have just been informed that the E.U. Small-cap stocks rallied strongly during Tuesday’s broad market upswing.
China is one of Nvidia’s biggest markets, and investors are closely watching the company’s commentary during its upcoming earnings report on Wednesday about how the ban will impact future sales. Oil slipped as the looming prospect of another major OPEC+ production increase overshadowed easing trade tensions between the European Union and the US. West Texas Intermediate fell 1% to settle below $61 a barrel after a quiet session on Monday due to holidays in London and New York.