{"id":1786,"date":"2025-06-02T20:40:33","date_gmt":"2025-06-02T20:40:33","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-inches-higher-nasdaq-gains-0-67-despite-renewed-trade-tensions\/"},"modified":"2025-06-02T20:40:33","modified_gmt":"2025-06-02T20:40:33","slug":"dow-inches-higher-nasdaq-gains-0-67-despite-renewed-trade-tensions","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-inches-higher-nasdaq-gains-0-67-despite-renewed-trade-tensions\/","title":{"rendered":"Dow inches higher, Nasdaq gains 0.67% despite renewed trade tensions"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels.\u00a0<\/p>\n<p>The Nasdaq Composite climbed 0.7%, while the S&amp;P 500 added 0.4%. The Dow Jones Industrial Average posted a marginal gain of less than 0.1%.<\/p>\n<p>The uptick came after China <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/china\/china-hits-back-against-trump-claims-that-it-broke-trade-truce-as-tensions-simmer-1eeb59aa?gaa_at=eafs&amp;gaa_n=ASWzDAiavHdEba3NPkrH4OdAOy6ZpIi5blu9rQBi6dqNGY6SC-lFVcDG_F93XXBVrTU%3D&amp;gaa_ts=683e0dee&amp;gaa_sig=8_52CzRRTcmjeLuwvIhFVRE6kzTNuVXwhQqm_cN2pfeQ2IvnBByApc7cjkUVJva3MBZoMM_WWaMBnz95_2hSRg%3D%3D\" target=\"_blank\">pushed back<\/a> against President Trump\u2019s accusation that it had breached the trade truce struck earlier this year.\u00a0<\/p>\n<p>Beijing blamed the U.S. for escalating tensions by tightening export controls on AI chips and restricting visas for Chinese students.\u00a0<\/p>\n<p>Meanwhile, Treasury Secretary Scott Bessent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/president-trumps-trade-agenda-is-on-hold-as-he-waits-on-a-call-with-xi-jinping-124449742.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAEc_fFQt9dOVlNMJ5AS-R4rLb_OL1YsUDbTrDrHzQ0v1QDBnFJu6jRStnaxP7pF7o1u5sW2pVueVDKIzMk3ZVKZQOBX6bfMSZSosyY8xcrwJqaCcuB4BjOC6C3gtfhckKgml9olBIsvHXN4awOiwCjzMi2lXEncEVocD-Gx2ERSr\" target=\"_blank\">expressed<\/a> confidence that President Trump and Chinese President Xi Jinping would resume talks soon.<\/p>\n<p>European officials <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cx2eg42nzpwo\" target=\"_blank\">also criticized<\/a> the U.S. over plans to double tariffs on steel and aluminum to 50% starting Wednesday, warning of potential retaliatory duties. A European Union trade delegation is now in Washington to address the issue.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Energy rally\u00a0<\/h2>\n<p>Despite the geopolitical friction, investor sentiment was buoyed by a rally in the energy sector. The S&amp;P 500 Energy index rose 1%, driven by a 2.8% jump in U.S. crude-oil prices following a drone strike by Ukraine on Russian military targets. Additionally, OPEC+ <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.msn.com\/en-ae\/money\/news\/opec-agrees-another-rise-oil-output-for-july\/ar-AA1FPJJ3\" target=\"_blank\">announced<\/a> a supply increase set for July, which further fueled gains in oil and copper futures.<\/p>\n<p>Treasury yields moved higher, with the 10-year yield rising to 4.461% and the 30-year reaching a key technical level. The dollar index weakened, while the euro, pound, and yen gained.<\/p>\n<p>The S&amp;P 500 and Nasdaq are now coming off their strongest month since 2023, signaling renewed investor appetite despite global uncertainties.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels.\u00a0 The Nasdaq Composite climbed 0.7%, while the S&amp;P 500 added 0.4%. The Dow&hellip;<\/p>\n","protected":false},"author":1,"featured_media":375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1786"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1786\/revisions"}],"predecessor-version":[{"id":1787,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1786\/revisions\/1787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/375"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}