Stock market recap: Nasdaq Composite and S&P 500 edge higher as gold hits new high

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Nasdaq Composite edges higher

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Global indexes

- S&P 500: 6,664.36,+0.49%

- NASDAQ Composite: 22,631.476,+0.72%

- Dow Jones Industrial Average: 46,315.27, +0.37%

- FTSE 100: 9,215.50°,-0,01%

- NIKKEI 225: 45,493.66, +0,99%

- HSI: 26,344.14, -0,76%

- SHANGHAI Composite: 3,828.576,+0,22%

U.S. markets

Wall Street extends last week’s upward momentum following the Fed’s 25-basis-point rate cut, its first since December. The move, paired with projections for two additional cuts later this year, boosted investor sentiment.

Gains were led by technology stocks, with chipmakers drawing attention after Intel and Nvidia announced a strategic collaboration.

Market participants are also awaiting commentary from Fed officials and fresh U.S. inflation data for further clarity on the central bank’s policy trajectory.

European markets

European shares slipped, dragged down by a sharp selloff in the auto sector. Volkswagen and Porsche both tumbled 7% after revising their 2025 forecasts and scaling back electric vehicle rollout plans amid weaker demand.

The pan-European STOXX 600 eased to 554.03, with cautious trading ahead of monetary policy decisions expected this week from Switzerland and Sweden.

U.K. equities were steady as investors assessed retail sales data and looked ahead to comments from the Bank of England.

Asian markets

Asian equities ended the session mixed as investors digested last week’s Fed rate cut and considered its long-term impact on global liquidity. Japan rebounded strongly, with the Nikkei surpassing 45,000 after losses on Friday tied to the Bank of Japan’s move to scale back its ETF and REIT holdings.

In contrast, Hong Kong fell sharply on renewed concerns over Chinese EV demand, with BYD shares down 2.3% after reports that Warren Buffett’s Berkshire Hathaway had fully exited its stake. China’s Shanghai Composite edged higher ahead of scheduled U.S.–China talks, with a delegation of U.S. lawmakers arriving in Beijing for discussions with President Xi Jinping’s government.

Summary conclusions

Markets remain finely balanced as investors digest a mix of supportive monetary policy, corporate earnings warnings, and geopolitical uncertainty.

The Fed’s dovish tilt continues to underpin Wall Street, while Europe and Asia are navigating sector-specific pressures and central bank actions. With inflation readings and further rate guidance on the horizon, traders are bracing for another week of volatility.

It was earlier reported that gold hits record $3,716 as Fed easing and geopolitical tensions fuel demand.

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