Sweeping New Tariffs

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Asian stocks decline on tariffs, dollar edges up.
  • S&P 500 wipes out 1% gain in final stretch of July.

MarketWatch:

  • Trump hits dozens more countries with higher tariff that start Aug. 7.
  • Apple’s earnings were good, but the initial stock move implies Wall Street is wary.
  • Amazon’s stock wavers after earnings. Was AWS cloud growth enough?

yahoo! finance:

  • Trump hikes tariffs on Canada to 35%, ups rates for dozens of countries.
  • US stock futures slip as Trump reveals baseline global tariff of 10%.
  • Apple earnings reveal unexpected iPhone strength.

Trump outlines sweeping new tariffs for dozens of trade partners.

Global Indexes

S&P 500

The S&P 500 closed on its EMA8 line after correcting with all the tariff announcements.

DAX

The DAX continued its uncertain sideways move.

HANG SENG

The HANG SENG made a breakaway gap downwards.

NYSE & NASDAQ Stocks

Meta Platforms Inc

META made a breakaway gap with its results and positive outlook.

Microsoft Corporation

MSFT also made a breakaway gap, but the negative market made it close near the low of the day.

JSE Stocks

JSE All Shares

The JSE All Shares continued its negative rout.

MTN Group Ltd

MTN is extending its positive trend with good results.

Algomodel Strategies, Education & Features

Click on Education or go to the home page to view education posts.

Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.

All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.

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