The Nasdaq is approaching record highs, supported by Alphabet's strong earnings and promising trade deals, including a U.S.-Japan agreement that lowers tariffs to 15%. Japan will invest $550 billion in the U.S. Moreover, a potential U.S.-European Union trade deal may also emerge, setting tariffs on most EU imports at 15%. Investors are looking forward to the upcoming Federal Reserve meeting for interest rate decisions. Additionally, several companies, including Intel and Newmont, reported better-than-expected earnings, signaling strong market performance.
Fueled in part by Alphabet's stronger-than-expected earnings report and further hopes for more trade deals, the Nasdaq could go on to test higher highs.
The recent U.S.-Japan trade agreement has tariffs now set at 15% instead of the previously threatened 25%, with Japan investing $550 billion in the U.S.
Next week, the Federal Reserve is scheduled to meet again, with some hoping the central bank will cut interest rates, while others expect it to keep interest rates at their current target range.
Intel's second-quarter revenue of $12.86 billion topped the $11.92 billion analysts were expecting, indicating strong earnings performance.
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