In New York,  the Dow Jones Index rose 432 points or 1.00 percent on Friday. Leading the gains are Nike (15.01%), Boeing (5.93%) and Amazon (2.60%). Top losers were IBM (-0.93%), Amgen (-0.75%) and JPMorgan (-0.51%).

The Dow Jones Index Closes 1.00% Higher

The Ibovespa edged down 0.2% to close at 136,866 on Friday to close the week 0.2% lower as a resurgence of fiscal uncertainty, elevated domestic discount rates and firmer US yields combined to dampen appetite for Brazilian equities. The abrupt congressional repeal of the IOF surcharge, originally designed to bolster revenue, has reignited discussions over necessary primary-spending cuts and undermined confidence in near-term fiscal consolidation. Meanwhile, while Brazil’s labor market remains resilient with unemployment at 6.2% in the three months through May (better than the 6.4% consensus), sectoral performance was mixed: Petrobras underperformed, slipping about 1% on concerns over higher funding costs and regulatory headwinds, while heavyweight names such as Ambev, WEG and Rede D’Or each fell between 1% and 1.5%, reflecting broad-based caution across consumer staples, industrials and healthcare.

Ibovespa Posts Marginal Weekly Losses

The S&P/TSX Composite Index fell 0.2% to below the 26,692 on Friday, trimming some of the weekly gains to 0.7% amid fresh tariff threats, commodity headwinds and domestic stagnation. President Trump’s decision to terminate all trade negotiations with Canada over its digital services tax—and his threat of looming retaliatory tariffs—has rattled exporters and injected fresh uncertainty into Canada’s trade-dependent sectors. At the same time, Statistics Canada’s data reveal back-to-back 0.1% GDP contractions in April and a likely repeat in May, underscoring how US levies and tariff uncertainty are weighing on manufacturing and wholesale trade. Major mining equities led the decline with Agnico Eagle, Wheaton Precious, and Barrick Gold tumbling between 2.8% and 5.3% amid a sharp decline in gold—now at a four-week low, as safe-haven demand wanes amid easing geopolitical tensions and clarity on the US–China trade accord.

TSX Pressured by Renewed Tariff Threats

US stocks closed at record highs on Friday driven by optimism over pending trade agreements and rising expectations for interest rate cuts, as investors largely brushed off President Donald Trump’s remarks about ending trade talks with Canada. The S&P 500 rose 0.5% to finish at record high, surpassing its February peak, the Nasdaq 100 also hit fresh record, climbing 0.5%. The Dow Jones rose 432 points. Markets rallied earlier in the day on optimism over new trade agreements with several key partners, including a framework deal with China. However, Trump’s abrupt announcement regarding Canada unsettled investors, cutting into the session’s gains. Still, the broader market has made a strong recovery from April lows, driven by easing inflation concerns, solid corporate earnings. Economic data also supported the rebound, with consumer sentiment improving and core PCE inflation rising only slightly .Nike surged 13% following strong earnings, and Amazon rose 0.5% after receiving an upgrade.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News

The Dow Jones Index Closes 1.00% Higher

Ibovespa Posts Marginal Weekly Losses

TSX Pressured by Renewed Tariff Threats

S&P 500, Nasdaq Close at Record Highs on Trade Hopes