Author:
Platform: Hive
Date: Friday 11 July 2025
Category: Finances
We are ending the first complet week, as the first one was a short week due to Holiday in USA.
The S&P500 ended Thursday at 6,280 points.
Market Update: Tariffs, Earnings Season & S&P 500 Resilience
Despite a cocktail of risks swirling around tariffs, fiscal policy, and uncertainty over the Fed’s rate outlook, Wall Street continues to tread water — with the S&P 500 closing up 0.27% and the Nasdaq inching up 0.09%. The Dow Jones also showed strength, rising 0.43% to just shy of its all-time high.
This resilience comes even as former President Trump's announcement of new 25% (and later reported 35%) tariffs on Canada injected fresh uncertainty into global trade dynamics. Meanwhile, data showing a steady U.S. job market and solid demand at yesterday’s 30-year Treasury auction gave the dollar a lift this morning — with the DXY index firming to 97.88.
💰 Dollar Gains, Currencies React
- EUR/USD dipped to 1.1670
- GBP/USD fell to 1.3555
- JPY weakened to 146.55
- AUD and NZD edged higher after RBA and RBNZ held rates steady
BTC continues showing stronger days
Cryptocurrencies like Bitcoin and Ethereum continued their rally, with BTC hitting a new high of $115,500.
BTC price is over 118,000 USD at the moment of this post, breaking the All Time High.
📈 Eyes Turn to Earnings Season
All eyes are now shifting to next week, where JP Morgan and other major banks will kick off Q2 earnings season on Tuesday — a key moment that could steer market sentiment. With investors craving clarity, the timing couldn’t be better. Alongside the start of earnings reports comes the June Consumer Price Index (CPI) data — also due Tuesday — which will offer further insight into inflation trends and potentially influence the Fed’s next move.
While markets have been largely reacting to headlines in recent days, the earnings season offers a chance for fundamentals to take center stage, possibly giving the S&P 500 the fuel it needs to push toward new highs — or pull back if results disappoint.
Until then, enjoy the weekend ahead — and stay tuned for what could be a pivotal week for equities.
Have a great one!
Note that this is not a Financial advice and it is only for educational purposes.
That’s all for now my friends!
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