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17-18 July Market Movers: Chip Stocks, Forex & Trump
On Wednesday and Thursday (17-18 July) chip stocks and the US dollar weakened driven by remarks from Trump and trade tensions. Explore more.
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On Wednesday and Thursday (17-18 July) chip stocks and the US dollar weakened driven by remarks from Trump and trade tensions. Explore more.
Gold prices soared on Tuesday, 16 July, due to growing expectations of a rate cut in September and an increase in the likelihood of a Trump election win. Following Fed Chair Jerome Powell's reassurances, markets started pricing in three rate cuts in 2024.
Monday, 15 July, saw broad-based market rises, with Tesla and Walmart's share prices gaining boosts in particular.
The Dow Jones closed at a record high of 40,211.72 on Monday, 15 July. Conversely, the US dollar weakened to a near-five-week low of 104.3. What are the potential reasons behind these market moves? Let’s take a closer look.
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