News

The Dow Jones Index closed up 235.60 points, or 0.46%, at 51947.25 points on July 24 (Friday);The S&P 500 Index closed up 3.7 points on July 24 (Friday) 2 points, an increase of 0.05%, to 7412.02 points;The Nasdaq Composite Index closed down 161.87 points, or 0.64%, to 24975.82 points on July 24 (Friday).

U.S. equities closed mixed on Friday: Dow Jones +0.45%, S&P 500 +0.05%, Nasdaq -0.64%. Memory/storage names led declines — SanDisk (SNDK.O) -10.79%, SK Hynix (SKHY.O) -8.81%, Micron Technology (MU.O) -6.99%; Philadelphia Semiconductor Index down 4.25%, Intel (INTC.O) -7.89%. IBM (IBM.N) +3.64%, Apple (AAPL.O) +3.53%. Nasdaq Golden Dragon China Index -0.68%; Alibaba (BABA.N) -1.67%, Baidu (BIDU.O) -1.91%.

US President Trump: The new tariffs are very standard. Another way to impose tariffs is simpler and we have several forms.

U.S. President Trump: He did not speak to U.S. Energy Secretary Wright before signing the Saudi nuclear deal.

Brazil estimates that 16.5% of its exports will be affected by the United States' 37.5% combined tariff.

Brazil expects the new U.S. tariffs to affect 23.1% of its exports.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended July 21, speculators increased their net short position in CBOT U.S. 10-year Treasury futures futures by 48,031 contracts to 879,706 contracts. Speculators increased their net short position in CBOT U.S. Treasury futures by 7,734 contracts to 186,790 contracts.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended July 21, speculators reduced their net short position in CBOT U.S. 2-year Treasury futures futures by 2,880 contracts to 1,154,597 contracts. Speculators reduced their net short position in CBOT U.S. 5-year Treasury futures by 20,954 lots to 1,273,329 lots.

US President Trump: Or we can make a deal with Iran, but I don’t think Iran is ready to make a deal.

U.S. Commodity Futures Trading Commission (CFTC): In the week ending July 21, natural gas speculators in the four major NYMEX and ICE markets increased their net short positions by 5,421 lots to 55,716 lots.

US President Trump: We have many exit strategies on Iran.

US President Trump: Venezuela is not ready for elections yet, but "one day they will be."

U.S. Commodity Futures Trading Commission (CFTC): In the week ended July 21, COMEX gold speculators increased their net long positions by 4,438 lots to 123,586 lots. COMEX silver speculators reduced their net long position by 374 contracts to 10,003 contracts. COMEX copper speculators increased their net long position by 11,751 contracts to 73,685 contracts.

US President Trump: Venezuela is not ready for elections.

US President Trump: (Regarding the Saudi Nuclear Deal) Saudi Arabia should become a member of the Abraham Accords.

According to GBN News: A fire broke out at an industrial facility near Liverpool, England.

UAE Minister of Foreign Trade: It is expected that there will be relevant announcements in the Canadian energy sector soon.

FT reports Alphabet’s Waymo is exploring options to end its partnership with Uber as rivalry in the robotaxi market heats up. People familiar say Waymo has discussed terminating the deal that supports Uber’s robotaxi operations in Austin and Atlanta. Uber said Waymo notified the company it plans to operate independently in those markets from January 2028 if the contract allows. The companies began the partnership in 2023; relations have soured as they have become direct competitors in some markets and lobbied for local robotaxi rules that favor their respective businesses.

US President Trump: Nuclear energy is the wave of the future.

According to the Financial Times: Waymo is considering ending its partnership with Uber as conflicts in the self-driving taxi field deepen.