"U.S. equity markets ended the week lower as a mix of trade tensions and political uncertainty unsettled investors. The Nasdaq Composite and S&P 500 initially held firm, supported by continued enthusiasm for artificial intelligence-related companies. A major boost came from Advanced Micro Devices' announcement of a strategic partnership with OpenAI, which lifted AMD's shares by more than 20% early in the week."
"However, optimism faded quickly after President Donald Trump hinted at a potential "massive increase" in tariffs on Chinese goods in response to China's new export restrictions on rare earth minerals. The resulting sell-off reflected concerns about a possible re-escalation in the U.S.-China trade conflict - a dynamic that markets had largely priced out earlier this year. Meanwhile, the ongoing U.S. government shutdown added to the unease, delaying key economic data releases and limiting visibility into near-term economic trends."
U.S. equity markets ended the week lower amid rising trade tensions and political uncertainty. AI-related optimism briefly supported the Nasdaq and S&P 500 after AMD announced a strategic partnership with OpenAI, lifting AMD shares over 20%. Investor sentiment reversed when President Donald Trump suggested a potential "massive increase" in tariffs on Chinese goods following China’s export restrictions on rare earth minerals, prompting a sell-off. The U.S. government shutdown delayed economic data, shifting focus to the upcoming corporate earnings season. Federal Reserve minutes signaled cautious support for future rate cuts amid persistent inflation and a weakening labor market.
Read at London Business News | Londonlovesbusiness.com
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