{"id":31735,"date":"2025-07-29T11:48:11","date_gmt":"2025-07-29T11:48:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/31735\/"},"modified":"2025-07-29T11:48:11","modified_gmt":"2025-07-29T11:48:11","slug":"stock-market-news-review-spx-ndx-inch-higher-on-u-s-eu-trade-deal-as-trump-prepares-global-tariffs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/31735\/","title":{"rendered":"Stock Market News Review: SPX, NDX Inch Higher on U.S.-EU Trade Deal as Trump Prepares Global Tariffs"},"content":{"rendered":"

The S&P 500<\/a> (SPX<\/a>) scraped out a positive close while the Nasdaq 100<\/a> (NDX<\/a>) was buoyed by yet another intraday all-time high from Nvidia (NVDA)<\/a>.<\/p>\n

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The indices received a morning boost after President Trump<\/a> and European Commission President Ursula von der Leyen announced the framework of a U.S.-EU trade deal<\/a> over the weekend. Earlier today, the White House released a fact sheet on the deal, which includes the EU buying $750 billion worth of U.S. energy and investing $600 billion in the U.S. by 2028. In return, the U.S. will impose a 15% tariff<\/a> on imported EU goods.<\/p>\n

\u201cThe deal marks a generational modernization of the transatlantic alliance and will provide Americans with unprecedented levels of market access to the European Union,\u201d said the White House.<\/p>\n

On the other hand, Trump is clamping down on Russia over its war on Ukraine by moving up the deadline<\/a> for Russia to avoid tariffs. On Monday, he said that the U.S. will impose 100% secondary tariffs on Russia in 10 to 12 days unless it ceases attacks on Ukraine. That\u2019s much earlier than his previous deadline of September 1. These secondary tariffs take aim at China and India, which purchase significant amounts of Russian oil and gas. <\/p>\n

The threat is Trump\u2019s latest effort to secure global peace. \u201cI have now ended many Wars in just six months \u2014 I am proud to be the President of PEACE!\u201d Trump said in a Truth Social post after brokering a ceasefire<\/a> between Thailand and Cambodia. The two countries were locked in a five-day battle over a border disagreement.<\/p>\n

Trump is also considering global tariffs<\/a> of 15% to 20% for countries that do not secure a trade deal with the U.S. \u201cFor the world, I would say it\u2019ll be somewhere in the 15% to 20% range,\u201d Trump said, explaining that it would be impossible to sign individual deals with every single country.<\/p>\n

Meanwhile, the S&P 500 (SPX) received a new street-high price target<\/a> from Oppenheimer. Shedding tariff fears, the asset management firm hiked its year-end target to 7,100 from 5,950 while raising its 2025 EPS estimate to $275 from $265.<\/p>\n

\u201cWith the announcement of trade deals (Japan, EU) by President Trump\u2026 we believe that enough \u2018tariff hurdles\u2019 have been overcome for now,\u201d wrote Oppenheimer strategists led by John Stoltzfus in a note.<\/p>\n

The S&P 500<\/a> closed with a 0.02% gain while the Nasdaq 100<\/a> fared better with a 0.36% jump.<\/p>\n

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