📈 Stocks / Finance

U.S. futures rise as China tariff exemptions ease pressure

CNBC

Stock futures climbed after Trump exempted key tech products from new China tariffs. S&P 500 futures rose 0.86%, Nasdaq-100 1.31%. Markets remain volatile; major indexes are still down ~5% since tariff rollout despite a mid-week bounce.

Craig Johnson sticks to 6,600 S&P 500 call amid tariff turmoil

Yahoo Finance

Piper Sandler’s chief market technician expects a 22% S&P 500 rally by year-end. Johnson cites extreme bearish sentiment, strong technical support at 4,835, and a 90-day tariff pause as catalysts for a rebound to 6,600.

Bond market turmoil raises recession red flags

USA Today

A 50 bps spike in 10-year yields and rare one-day swings signal deep distress in the bond market. Analysts warn of 'forced selling' and credibility issues tied to U.S. fiscal policy, with volatility potentially triggering a self-fulfilling downturn.

🪙 Crypto

Bitcoin drops as Trump tariff confusion spooks traders

Decrypt

Bitcoin slid over 2% to $83,482 after Trump clarified that Chinese electronics would still face a 20% tariff, stoking inflation fears. Crypto underperformed equities as traders reassessed rate cut expectations and eyed $81K as key support.

🌎 Global Economy

Asian stocks rally as US delays some tariffs

Reuters

Asian markets rebounded after the US paused tariffs on electronics, boosting futures and lifting MSCI Asia ex-Japan by 1.6%. Conflicting White House signals and looming levies on semiconductors kept investor sentiment cautious. Gold hit $3,245 amid policy uncertainty.