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The major averages were mixed near noon, with traders focused on President Trump’s comments on U.S.-China trade negotiations supposedly going well. Top officials from both countries are holding talks for a second day over tariff rates and the imminent deadline of Chinese-owned social media platform TikTok.
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Meanwhile, a broader sense of cautious optimism in the market is fueled by widespread expectations that the Federal Reserve will deliver its first interest rate cut of 2025. Most investors expect this to be a 25 basis-point reduction, with the debate more about the message coming from Fed Chair Jerome Powell than the magnitude of the cut itself.
Looking to commodities, gold prices are climbing again, with the “safe haven” commodity surpassing the $3,700 threshold. Oil prices are also on the rise, rebounding from recent declines.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
3. AROUND THE WEB:
- Samsung (SSNLF) has agreed to settle a patent lawsuit over wireless tech with Headwater Research following a $279M jury verdict against Samsung earlier in 2025, Reuters says
- Japan will provide roughly $3.63B to Micron (MU) for R&D and capital spending at its Hiroshima fab to mass produce advanced DRAM, aiming for shipments by August 2028, Nikkei Asia reports
- Whirlpool (WHR) told the Trump administration that overseas competitors may be evading tariff bills by undervaluing their imports, WSJ says
- U.S. Food and Drug Administration Commissioner Martin Makary said in a New York Times guest essay that Hims & Hers’ (HIMS) Super Bowl advertisement breached federal law as it highlighted the benefits of weight-loss drugs without mentioning side effects
- Kerrisdale announced a short position in CoreWeave (CRWV)
4. MOVERS:
5. EARNINGS/GUIDANCE:
INDEXES:
Near midday, the Dow was down 0.10%, or 48.06, to 45,786.16, the Nasdaq was up 0.90%, or 198.60, to 22,339.70, and the S&P 500 was up 0.45%, or 29.73, to 6,614.02.
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