Stocks Smile Through Trade Tensions—Can You Believe It? 😳

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Stocks Smile Through Trade Tensions—Can You Believe It? 😳

So, the stocks went up, huh? On Monday, no less. Because who doesn’t love a little chaos with their gains? 🤷‍♂️

The Nasdaq climbed a whole 0.7%, the S&P 500 *barely* nudged up 0.4%, and the Dow? Less than 0.1%. Yep, that’s right. Less than a whisker. Because stability is overrated anyway. 💸

The big news? China’s pushing back, calling Trump’s accusations…well, “misguided.” Imagine that! “Hey, it’s not us, it’s YOU!” Classic. And Beijing’s throwing in some blame on the US for tightening export controls and visa restrictions—because what’s a trade war without some finger-pointing, am I right? 😂

Trade tensions between US and China

Meanwhile, Treasury Secretary Scott Bessent thinks President Trump and Xi Jinping will sit down and chat soon. Because nothing says “peace” like a nice round of tariffs and accusations. 📝

European officials? They’re not thrilled either. They’ve got plans to double tariffs on steel and aluminum to 50%—starting Wednesday! Next thing you know, each side will be exchanging souvenir flags. Europe’s sent a delegation to Washington to, you know, complain in person. Because that always works, right? 🤦‍♂️

Energy’s partying 🎉

Despite all the international hullabaloo, investors found a reason to cheer: energy stocks! The S&P 500 Energy index jumped 1%, thanks to a 2.8% increase in U.S. crude after Ukraine’s drone strike on Russia. Yep, just another day in paradise. 🚀

OPEC+ decided to pump more oil in July too, so that helped. Futures? They’re dancing with gains in oil and copper. Looks like commodities are feeling frisky! 🔥

The yields? Oh, they moved higher—10-year at 4.461%, and the 30-year’s at a “technical level,” whatever that means. The dollar? Weaker. The euro, pound, yen? Stronger. Basically, it’s a currency tug-of-war. Fun, huh? 💱

And the best part? The S&P 500 and Nasdaq just had their best month of 2023. Because who doesn’t love a little bubble to pop later? Enjoy the ride! 🎢

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2025-06-02 23:44