Arkham (arkm) 
Stocks Surge After Memorial Day Closure Amid Tariff News
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced gains as U.S. markets reopened following the Memorial Day holiday. Investors responded positively to the latest tariff developments, with President Donald Trump announcing a delay in the proposed 50% tariff on the European Union. The new implementation date is now set for July 9, providing a boost to both Asian and European markets earlier in the day.
U.S. stock futures gained momentum, driving the Dow to open over 400 points higher on Tuesday. The S&P 500 index climbed 1.1%, while the Nasdaq Composite advanced by approximately 1.3%, setting a strong tone for the holiday-shortened trading week.
Global Stock Market Gains
The possibility of a U.S.-EU trade deal is fueling optimism among investors. This development, combined with existing agreements between the United States and China and the United States and the United Kingdom, has led to significant global stock market gains. For instance, the Dow previously surged over 1,000 points, and the S&P 500 achieved a six-day winning streak.
Market Sentiment Boosted by Treasury Yields and Dollar Strength
Trump’s tariff delay announcement has bolstered market sentiment, with investors also reacting to declining Treasury yields. On Tuesday, the 30-year Treasury yield dropped to 4.96%, while the 10-year yield hovered around 4.47%. Additionally, the U.S. dollar strengthened as investors considered Japan’s potential reduction in bond sales—a move that could impact currency and global financial markets.
Looking ahead, key economic data and Federal Reserve commentary are expected to influence market performance this week. Investors are also closely monitoring Trump’s tax bill and upcoming earnings reports from major companies such as Nvidia (NVDA).
Expert Insights on Tariffs
Jeremy Siegel, a professor at the University of Pennsylvania’s Wharton School of Business and chief economist at Wisdom Tree, expressed optimism about equities despite ongoing tariff concerns. In a recent interview, Siegel noted:
“Tariffs are going to hopefully be no worse than 10% across the board and 30% with China. We can deal with that.”
Cryptocurrency Market Update
As traditional markets rallied, the cryptocurrency market also recorded minor gains. Bitcoin rose 0.4%, reclaiming the $110,000 mark, while Ethereum climbed 3% to reach $2,665. Bitcoin recently hit an all-time high above $111,000, showcasing resilience amid broader market movements.
Investors in both stocks and cryptocurrencies will remain focused on upcoming economic developments, trade negotiations, and earnings reports as markets continue to navigate a complex financial landscape.
