According to Yahoo’s financial affairs, US shares were closed on Friday because investors responded to Trump’s nomination from Stephen Miran to the Federal Reserve Board of Directors and new tariff measures. The Dow Jones’ industrial average (^DJI) climbed 0.3 %, while S&P 500 (^GSPC) progressed 0.35 %, and the Nasdaq (^Ixic) composite increased by 0.4 %.
The future of gold (GC = F) in New York rose above London prices after reports of imminent tariffs on gold tape imports. Meanwhile, corporate revenue showed different results: Pinterest (PIN) declined after losing profit expectations, while Block (XYZ) rallied with strong guidance. According to Indexbox market data, Expedia stocks (Expe) increased by more than 10 % after their full year reservation forecast.
Investors are still focused on the possibility of a September rate decline and the betting is currently 90 %. Miran’s nomination, which still guarantees the Senate’s approval, adds uncertainty to the federal leadership’s prospects. Trump is reportedly the current adviser to Kevin, the former governor of Kevin Warsd and the current governor of Christopher Waller for the next federal chair.
Source: Indexbox market information platform
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