<\/p>\n
Wall Street opened higher on Monday, with all major stock indices in the green, as the Dow Jones Industrial Average edged up 85 points amid investor focus on big-cap earnings.<\/p>\n
The Dow Jones Industrial Average added 85 points, and the benchmark stock index, the S&P 500, gained 0.23% as stocks opened higher. The tech-heavy Nasdaq also climbed, adding 0.37% in early market activity.\u00a0<\/p>\n
Dow\u2019s move on Monday suggests that traders are slightly bullish after a seesaw week, during which the blue-chip benchmark battled some downside pressure.<\/p>\n
Elsewhere in the market, oil prices remain steady despite geopolitical tensions that are raising concerns about supply. In cryptocurrency, Bitcoin (BTC) hovered around $118,000, with the benchmark digital asset back above the level after recent declines from its peak of over $123,000.<\/p>\n
<\/p>\n
As the new week begins, all eyes are on the earnings and outlook of Wall Street\u2019s mega caps. The gains in early session trading however suggests tariffs remain a key factor, despite equities notching record highs in the months since the dip that followed President Donald Trump\u2019s \u201cLiberation Day\u201d tariffs onslaught.<\/p>\n
Notably, U.S. stocks edged higher last week, buoyed by earnings reports by top banks and leading chipmakers, with both the S&P 500 and Nasdaq hitting record highs.<\/p>\n
Traders may eye an overall positive week, but the market will be keen on developments around tariffs as Trump\u2019s August 1 deadline looms.\u00a0<\/p>\n
CNBC reported<\/a> on Monday that the U.S. is playing hardball on the Aug. 1 deadline, with the European Union battling to have a deal in place before then.\u00a0 <\/p>\n EU\u2019s quest to strike a deal follows U.S. Commerce Secretary Howard Lutnick\u2019s comments over the weekend that the U.S. is confident it will agree a trade deal with the EU. However, he maintained that the deadline for the 30% tariff on the block will not change.<\/p>\n In large parts, volatility may be injected by tech heavyweights\u2019 earnings reports in the week. These will include a focus on the \u201cMagnificent Seven\u201d, with Alphabet (GOOG) and Tesla (TSLA) the first in line with reports expected on Wednesday, July 23.<\/p>\n As in previous markets, a strong earnings result from Big Tech companies will drive bullish sentiment, with notable interest including the artificial intelligence segment. Optimism is already elevated, as nearly 86% of the 59 S&P 500 companies have released their quarterly results, beating consensus estimates.<\/p>\n However, the issue of interest rates and the U.S. Federal Reserve\u2019s stance is also crucial to investors.\u00a0<\/p>\n Speaking to CNBC\u2019s \u2018Squawk Box\u2019<\/a>,\u00a0Treasury Secretary Scott Bessent has once again criticized Fed Chair Jerome Powell. Bessent slammed Powell\u2019s tenure and suggested that investigations might be necessary at the central bank.\u00a0<\/p>\n The Trump administration frequently criticizes the central bank and Powell\u2019s leadership for maintaining interest rates at their current level.<\/p>\n But current inflation data doesn\u2019t support<\/a> President Trump\u2019s argument. Inflation spiked by 2.7% in June<\/a>, as businesses passed<\/a> the costs of Trump\u2019s tariff hikes onto consumers.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Wall Street opened higher on Monday, with all major stock indices in the green, as the Dow Jones Industrial Average edged up 85 points amid investor focus on big-cap earnings.…<\/p>\n","protected":false},"author":1,"featured_media":208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5307","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\/5307","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=5307"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5307\/revisions"}],"predecessor-version":[{"id":5308,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5307\/revisions\/5308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/208"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Big earnings, including Alphabet, Tesla<\/h2>\n