Japan, Dow Jones and Trump
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All three major stock indexes remained higher heading into Wednesday afternoon trading, buoyed by optimism that the U.S.-Japan trade deal could lead to progress with more countries. The Dow Jones Industrial Average was up 394 points,
Dow jumps on Trump’s Japan trade deal, boosting Caterpillar and Boeing. Traders eye EU talks, tech earnings, and Fed signals for the next market move.
Dow Futures rise as US-Japan trade deal boosts markets; earnings from Alphabet, Tesla, and chipmaker woes in focus.
The European Union on Wednesday appeared ready to retaliate against U.S. tariffs if the 27-nation bloc cannot reach a deal with the Trump administration. The U.S. and Japan on Tuesday reached a deal that would impose a 15% tariff on U.S. imports of Japanese goods, down from the 25% rate President Trump initially proposed.
Dow Jones gains on strong healthcare and financials while Nasdaq drops as tech stocks retreat, signaling sector rotation in US indices today.
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Tesla stock dropped early Wednesday ahead of its second-quarter earnings report. Shares were at $330.64 in early trading, down 0.4%, while the S&P 500 and Dow Jones Industrial Average were up 0.4% and 0.
This might be the day Wall Street's left-behind stocks finally have their moment. Roughly 300 of the S&P 500's 503 stocks were trading higher on Wednesday morning, with the S&P 500 Equal Weighted Index surging 1.
The nearest resistance level for Dow Jones is located in the 44,600 – 44,700 range. A successful test of this level will open the way to the test of the next resistance at 45,000 – 45,100. RSI is in the moderate territory, so there is plenty of room to gain momentum in the near term.