S&P 500 and Nasdaq hit new records after strong US jobs report
The main US stock indices closed the week at record highs, boosted by a stronger-than-expected June jobs report with 147,000 new jobs and unemployment falling to 4.1%.
Weekly Bulletin - World
Deadline for new US tariffs approaches, creating global uncertainty
The Trump administration confirmed that letters notifying tariffs of up to 70% will be sent to various countries, with a final deadline of July 9 for deals to avoid the new rates. Markets watch for potential impacts on trade and inflation.
Optimism over trade deals supports stock gains despite volatility
Investors remain confident that most US trade partners will reach deals to avoid harsher tariffs, which has supported risk appetite and asset appreciation.
OPEC+ announces larger-than-expected oil production hike for August
Eight OPEC+ countries agreed to raise production by 548,000 barrels/day in August, above expectations, aiming to regain market share and meet strong global demand.
Artificial intelligence stocks continue to lead global gains
Companies like Palantir, Quantum Computing Inc., and Applovin Corp. posted strong gains, reflecting optimism around AI infrastructure investments and sector growth.
Strong US job market reduces expectations for rate cuts
The strong jobs report reduced bets on a Fed rate cut in July, with investors now projecting no change until at least October.
Geopolitics and Middle East tensions remain on investors' radar
Despite attacks on Iranian nuclear facilities and escalation risks, global markets remained resilient as investors focused on fundamentals and corporate results.
Record capital inflows into US equity funds
US equity funds posted their biggest weekly inflow in eight months, driven by AI optimism and expectations of trade agreements.
Europe and Asia face volatility amid tariff and IPO uncertainty
European companies delayed IPOs due to volatility from tariffs and geopolitical tensions, while Asian markets tracked trade talks and mixed economic data.
Dollar falls and commodities fluctuate amid tariff and oil supply concerns
The dollar weakened due to tariff risks and increased oil production, while commodities like oil fluctuated between gains and losses throughout the week.
Top Gainers
- Palantir Technologies (PLTR): rose about 80.2%, driven by growing demand for data analytics and artificial intelligence solutions.
- NRG Energy (NRG): gained 78%, benefiting from energy sector recovery and renewable energy investments.
- Howmet Aerospace (HWM): appreciated 70.2%, supported by increased aerospace production and government contracts.
- Seagate Technology (STX): gained 67.2%, due to rising demand for data storage and technological innovation.
- GE Vernova (GEV): advanced 60.9%, driven by General Electric's restructuring and focus on clean energy.
Top Losers
- Mullen Automotive, Inc. (MULN): dropped 100%, reflecting severe financial issues and bankruptcy risk.
- Polyrizon Ltd. (PLRZ): fell 99.87%, due to operational challenges and loss of investor confidence.
- Greenlane Holdings, Inc. (GNLN): declined 99.69%, impacted by poor earnings and ongoing restructuring.
- SUNation Energy Inc. (SUNE): dropped 99.68%, affected by issues in the solar energy sector and declining demand.
- Aclarion, Inc. (ACON): down 99.43%, as a result of financial difficulties and low market liquidity.
