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By A.I.
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- Deals: The US and China revealed the details of their trade deal framework, easing restrictions on rare earth metals and semiconductor chips. Commerce Secretary Howard Lutnick promised up to 10 more deals are on their way ahead of the July 9th tariff-pause deadline, but that probably won’t include Canada: President Trump ended all trade discussions with the country thanks to a dispute over the digital services tax.
- Stocks: Indexes climbed at the open thanks to the deal with China, but they tumbled on news of a fallout with Canada. Still, the S&P 500 managed to post its 1,245th new all-time high, while the NASDAQ booked its own record close. The Dow trundled higher as well, though it’s still about 1,600 points below its previous record.
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Filed under: "Ask-an-Advisor", finance, Financial Planning, Funding Basics, Health Economics, Investing, Portfolio Management, Touring with Marcinko | Tagged: China, deal, DJIA, DOW, Lutnick, NASDAQ, S&P 500, stocks, Trump, VIX |
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