Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks. The Dow is officially out of correction territory, while the Nasdaq Composite began a fresh bull market. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
incoming update…
President Donald Trump is embarking this week on a high-stakes tour of the Persian Gulf region, targeting business deals and strategic partnerships with three oil-rich nations: Saudi Arabia, the United Arab Emirates and Qatar.
The trip marks Trump’s first major foreign visit of his new term and comes as nuclear negotiations with Iran drag on and as war continues between Israel and the Palestinian terror organization, Hamas, in the Gaza Strip. While business is the official focus, the backdrop is anything but calm.
White House press secretary Karoline Leavitt described the mission as part of Trump’s broader vision that “extremism is defeated [through] commerce and cultural exchanges.”
This is an excerpt from an article by FOX Business’ Morgan Phillips.
Posted by Christina Shaw
Coinbase, one of the leading crypto exchanges , is being added to the S&P 500, the broadest measure of the U.S. stock market, effective Monday May 19, 2025.
It will replace Discover Financial, according to S&P Global which announced the switch-up late Monday without providing specifics.
Coinbase Global Inc.
$
207.22
The decision, usually based on market value, historically gives a boost to the added stock as fund managers who mirror the S&P 500 need to add some stock to their holdings.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| COIN | $207.22 | 7.90 | 3.96 |
| DFS | $202.47 | 12.40 | 6.52 |
Cryptos, along with stocks, have been recovering, with Bitcoin, the largest crypto by market value, back above the $100,000 level.
Posted by FOX Business Team
| Symbol | Price | Change | %Change |
|---|---|---|---|
| I:DJI | $42,410.10 | 1,160.72 | 2.81 |
| SP500 | $5,844.19 | 184.28 | 3.26 |
| I:COMP | $18,708.34 | 779.43 | 4.35 |
Stocks surged on Monday after the U.S. and China agreed to roll back tariffs for a 90-day period. The Dow Jones Industrial Average rose 1,160.72 points, or 2.81%, exiting correction territory. The S&P 500 climbed 3.26% and the Nasdaq Composite rose 4.35%, exiting bear market territory.
Dow Jones Averages.
$
42410.1
The tariffs President Donald Trump announced against China on April 2 are being cut by 24 percentage points for this temporary period while retaining the remaining ad valorem rate of 10% from that announcement, according to a joint statement. China agreed to the same stipulations, adding that it will “adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2,” the announcement stated.
Under the deal, reciprocal tariffs for both countries would be reduced by 115%. The U.S. will temporarily lower its tariffs on Chinese goods from 145% to 30%, and China will reduce its levies on American products from 125% to 10%.FOX Business Landon Mion contributed to this report
Posted by FOX Business Team
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