U.S. Stocks Surge Amid Global Trade Tensions

Holy moly, U.S. stocks just won't quit! Despite the escalating drama between Washington, Beijing, and Brussels, our markets ended the day on a high note.

The Nasdaq Composite soared 0.7%, the S&P 500 muscled up 0.4%, and the Dow Jones Industrial Average? It may have been a tiny gain of less than 0.1%, but hey, it's still a win!

This uptick came right after China threw some serious shade at President Trump's claim that they broke their trade truce from earlier this year.

Beijing's not holding back, pointing fingers at the U.S. for cranking up the heat with tighter export controls on AI chips and slamming the door on Chinese students with visa restrictions.

But hold on, Treasury Secretary Scott Bessent is still betting on a comeback, confident that Presidents Trump and Xi Jinping will be back at the negotiating table ASAP.

Across the pond, European officials are fuming over the U.S. plan to jack up steel and aluminum tariffs to a whopping 50% starting Wednesday. They're warning of some serious payback and have sent a trade delegation to Washington to hash it out.

Energy Rally

Get this—despite all the geopolitical fireworks, investors are still riding high, thanks to a killer rally in the energy sector. The S&P 500 Energy index shot up 1%, fueled by a wild 2.8% spike in U.S. crude-oil prices after Ukraine's drone strike on Russian military targets. And guess what? OPEC+ just announced they're cranking up the supply in July, sending oil and copper futures through the roof!

Treasury yields are climbing too, with the 10-year yield hitting 4.461% and the 30-year reaching a crucial technical level. The dollar's taking a hit, while the euro, pound, and yen are flexing their muscles.

And here's the cherry on top: the S&P 500 and Nasdaq just came off their best month since 2023. That's right, folks, investors are hungry for more, global uncertainties be damned!