S&P 500 and Nasdaq Hit Record Highs

Strong U.S. data fuels equities, while tariffs and crypto regulation drive sector moves.

TL;DR:

📈 S&P 500 and Nasdaq reach new highs
🇺🇸 Trump mulls tariffs on EU products
🪙 GENIUS Act passage boosts crypto
🏪 Target ends price-matching policy

S&P 500 and Nasdaq Reach New Highs

U.S. equities surged to fresh records as June retail sales and falling jobless claims underscored economic strength. Both the S&P 500 and Nasdaq closed at all-time highs, with growth sectors leading gains and overall market sentiment remaining bullish. Source

Trump Mulls Tariffs on EU Products

President Donald Trump is reportedly considering tariffs above 10% on European Union goods, even if a broader trade deal is struck. This development added volatility to European and U.S. markets, with investors wary of renewed trade tensions. Source

GENIUS Act Passage Boosts Crypto

The U.S. House passed the GENIUS Act, a landmark bill viewed as supportive for the cryptocurrency industry. Ethereum prices rallied sharply on the news, with the broader crypto market following suit thanks to renewed regulatory clarity. Source

Target Ends Price-Matching Policy

Target announced it will discontinue its price-matching policy with competitors starting July 28. The move is aimed at simplifying pricing but signals a shift in retail strategy amid tightening margins and competitive pressures. Source

S&P 500 and Nasdaq Hit Record Highs on Strong Economic Data