US stocks rise as oil retreats below $100, fresh tariffs and earnings in focus
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US stock markets rose on Friday as oil prices eased, amid corporate earnings and a fresh round of US tariffs. At 11:58 a.m. the Dow Jones Industrial Average rose 358.97 points, or 0.70%, to 52,073.03, the S&P 500 gained 43.50 points, or 0.59%, to 7,451.80 and the Nasdaq Composite gained 30.60 points, or 0.12%, to 25,168.30. As of 9:53 a.m. Eastern Time, the S&P 500 fell 0.1%, the Dow Jones Industrial Average rose 0.2%, and the Nasdaq fell 0.6%. At the opening bell, the Dow Jones Industrial Average rose 79.7 points, or 0.15%, to 51791.37. The S&P 500 fell 2.0 points, or 0.03%, to 7406.3, while the Nasdaq Composite dropped 30.3 points, or 0.12%, to 25107.384. After briefly surging above $100 per barrel on Thursday following attacks on oil tankers, Brent crude retreated below the key psychological mark as ships carrying Saudi crude continued their journey without major disruptions. The benchmark international crude contract declined 2.8% to $97.89 a barrel. Despite the pullback in oil prices, concerns over escalating conflict in the Middle East persisted. Continued heavy fighting in the region has renewed fears of disruptions to global crude oil and natural gas supplies, keeping energy markets volatile. US Treasury yields also edged lower, providing some relief to equity markets. The yield on the benchmark 10-year Treasury note slipped to 4.68% from 4.71% in the previous session, easing pressure on growth-oriented stocks. Investors were also assessing the impact of an expanded US trade offensive. A new round of tariffs imposed by the United States on 60 trading partners came into effect on Friday, replacing a temporary global duty introduced earlier this year by President Donald Trump. The latest measures are expected to intensify trade tensions and could weigh on global economic growth. On the corporate front, semiconductor stocks remained under pressure. Micron Technology declined 5.7%, while Broadcom lost 2.8%, reflecting continued weakness in the chip sector as investors evaluated earnings and broader industry prospects. Intel shares fell 3.8% despite chipmaker's upbeat results. Verizon stock rose 2.8% as the network provider raised its annual forecast for adjusted profit and free cash flow. Intel shares fell 3.8% despite chipmaker's upbeat results. Verizon stock rose 2.8% as the network provider raised its annual forecast for adjusted profit and free cash flow. American Express shares lost 6% despite the firm reporting a jump in quarterly profit. Gold prices were steady on Friday as Brent crude declined from above $100 a barrel. By 09:17 a.m. EDT (1317 GMT), spot gold was unchanged at $4,046.10 per ounce. US gold futures for August delivery gained 0.3% to $4,063.60. Among other metals, spot silver rose 0.4% to $57.92 per ounce, platinum fell 1.3% to $1,582.40, and palladium lost 1% to $1,244.24. With a distinguished career spanning nearly two decades at the highest levels of financial journalism, Rajendra Kumar Saxena stands as a cornerstone of the editorial leadership team at Livemint.com. In his current capacity as Content Editor, he is responsible for managing the comprehensive editorial lifecycle of the publication. His role is multifaceted, encompassing the strategic selection of high-impact stories, original reporting, and meticulous editing. <br> Furthermore, Rajendra is instrumental in executing a sophisticated Search Engine Optimization (SEO)-driven content strategy, ensuring that the platform's digital content reaches a global audience while maintaining the highest standards of journalistic integrity and accuracy prior to publication. <br> Rajendra’s professional journey is characterized by a profound expertise in a wide array of critical sectors. His analytical depth covers global economics, commodities, and stock market dynamics (across both Indian and United States landscapes). <br> Beyond the financial markets, he possesses a keen understanding of political affairs, banking and finance, foreign affairs, and the rapidly evolving technology sector. <br> His eighteen years journey in financial and business journalism includes a significant tenure at Financialexpress.com and freelance contributions to The Hindu. <br> Currently based in Delhi, Rajendra holds a Master of Journalism degree from the prestigious Makhanlal Chaturvedi National University of Journalism and Communication (MCNUJC). His blend of academic rigor and decades of on-the-ground experience makes him a leading voice in navigating the complexities of today’s financial world. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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