US stocks closed higher for two consecutive days, and the market opened lower and absorbed them. The S&P 500 and Nasdaq index both hit new highs.NvidiaIt became the first boss in history, with its market value stabilizing at US$4 trillion. The market digests the tariff rates recently announced by US President Trump to many countries and waits for the United States to reach an agreement with its larger trading partners, including the EU, India, etc. Risk gastroenterology has increased, bond market has declined, and Bitcoin broke through the $113,000 level to hit a new high.
Foreign currency instant quotes in US Stock Stock Exchanges
Market conditions on July 10 (Thursday)
l Dow Jones Index Up 192.34 points or 0.43% to 44,650.64 points.
l S&P 500 Index Up 17.20 points or 0.27% to 6,280.46 points.
l Nasdaq Index Up 19.33 points or 0.09% to 20,630.66 points.
l New York July oil futures It closed at $66.57 per barrel, down $1.81 or 2.7%.
l New York August gold futures Closed at $3,325.7 per ounce, up $4.7 or 0.1%.
l Bitcoin As of 5 p.m. Eastern Time, it rose $2,516.96 or 2.27%.
l U.S. 10-year Treasury bonds Closed at 4.346%, up 0.4 points.
Nvidia once fell after opening early, and was sought after in the afternoon market. It closed with a steady report of US$164.1, with a market value of US$4.002 trillion, highlighting the upward trend of the artificial intelligence boom. The company has risen 21% this year.
TeslaThe rebound rose by 4.7%, and the remaining shares of the seven technology giants did not change much.AMDBeing well received by the brokerage firm, up more than 4%.NetflixIt fell nearly 3%.
JPMorgan Chase’s latest forecast pointed out that retail investors will continue to be the main driving force for the rise of US stocks, with as much as $500 billion expected to influx in the second half of the year, driving the standard index to rise by 5% to 10% by the end of the year.
A team led by Moto’s chief strategist Nikolaos Panigirtzoglou said that retail investors took advantage of the low price between March and April, and it is expected that retail investors will invest a total of US$630 billion in US stock funds throughout the year, of which about US$360 billion has not yet entered the market and will gradually flow in in the second half of the year.
In addition to determining that the 50% tariff on copper was implemented on August 1, Trump also unexpectedly imposed a 50% tariff on Brazil. The United States has a trade surplus with Brazil, that is, exports are more than imports, and Brazil is not on the list of “reciprocal tariffs” announced by Trump in early April.
He demanded the release of former President Bolsonaro, but current President Lula said that foreign countries would not allow instructions from Brazil to act and would respond to the tariffs “reciprocally”. Bolsonaro said negotiations could be made with Trump.
“The uncertainty of tariffs, the idea of valuation above the beginning of the year is incredible, and now there is a new deadline,” said Mike Dickson, head of research and quantitative strategy at Horizon Investment. “It is understandable that the market has become extremely numb to all the capricious volatility.”
The Trump administration launched a new wave of attacks on Fed Chairman Powell, and White House budget supervisors suggested he misled Congress in implementing the new project of the central bank headquarters, and the expenses were significantly overspent. Trump said last day that if Powell is misleading, he should resign immediately.
Bureau officials have different views on the rest gate. Fed Director Christopher Waller reiterated his support for the cuts at the interest rate meeting at the end of this month, and he believes that the current federal funds rate is too much to suppress the economy. He said that his views belong to the minority within the situation, but emphasized that they were not politically motivated.
San Francisco Fed President Mary Daly said she still believes interest rates could be cut twice this year and that the tariffs may have a weaker impact on prices, with some companies negotiating to share tariff costs so that most of the expenses don’t have to pass on to the end customer.
Musalam, president of the Federal Reserve Bank of St. Louis, said on Thursday that inflation is at risk of heating up, especially as some recent indicators show positive trends, but tariffs are expected to bring inflation back again. He stressed that it is still difficult to judge that the impact of tariffs on inflation is one-time, or it may put ongoing pressure on prices, and said that the weakening of the US dollar may further push up inflation levels.
