LEIBOVIT VR NEWSLETTERS – VRTRADER.COM – FRIDAY, MAY 9, 2025
https://www.howestreet.com/2025/05/expect-stock-markets-to-rally-over-short-term-mark-leibovit/
After moving mostly higher early in the session, stocks turned in a strong performance throughout much of the trading day on Thursday before giving back some ground going into the close.
The major averages pulled back well off their highs of the session but still finished the session firmly in positive territory.
The Nasdaq jumped 189.98 points or 1.1 percent to 17,928.14, the Dow advanced 254.48 points or 0.6 percent to 41,368.45 and the S&P 500 climbed 32.66 points or 0.6 percent at 5,663.94.
The strength on Wall Street came after President Donald Trump unveiled the framework of a trade agreement with the U.K.
While noting the final details are still “being written up,” Trump claimed the deal includes billions of dollars of increased market access for American exports, especially in agriculture, and will see the U.K. reduce or eliminate numerous non-tariff barriers.
Even with the deal, the 10 percent tariff Trump imposed on most countries in early April will remain in place for imports from the U.K.
The announcement helped further ease uncertainty about trade following yesterday’s news that Treasury Secretary Scott Bessent will meet with China’s […]
LEIBOVIT VR NEWSLETTERS – VRTRADER.COM – THURSDAY – MAY 8, 2025 – WILL WE STILL SOME MORE FOMC VOLATILITY. HOPING SO, WE CAN ADD TO LONG POSITIONS!
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Eric Trump Says World Liberty’s Stablecoin Will Be Used To Close A $2 Billion Deal
Eric Trump, the executive vice president of The Trump Organization, said that the Trump family-backed stablecoin USD1 has been chosen to close Abu Dhabi investment firm MGX‘s $2 billion deal with cryptocurrency exchange Binance.
What happened: President Donald Trump’s second son made the announcement at the Token2049 cryptocurrency conference in Dubai, Coindesk reported Thursday.
The deal relates to the $2 billion investment by MGX into Binance, which gives it a minority stake in the world’s largest cryptocurrency trading platform. It […]
