marketmoves

🇺🇸 US Markets Brief

🎯 Dow rallies as Trump delays EU tariffs; GameStop buys $500M Bitcoin; Dick’s, Macy’s report.

🔸 GameStop $GME adds 4,710 Bitcoin $BTCUSD (~$500M) to treasury; shares up 6% pre-market.

Read more: 🧵

AI-powered, unbiased news personalized for you. From politics to tech, our diverse coverage keeps you informed on what matters. Download now for free.

🔸 China signals possible easing of rare earth export curbs for EU chip firms amid trade tensions.
🔸 PBOC injects net 247B yuan as deposit rates fall below 1%; household savings surge.
🔸 Shein pivots to Hong Kong IPO after London stalls, targets $50B valuation amid regulatory, trade headwinds.

🔸 “TACO trade” in focus: Dow $I:DJI jumps 721 points after Trump delays EU tariffs to July 9.
🔸 Japan’s 40-year bond auction sees weak demand; super-long JGB yields spike.
🔸 RBNZ cuts rates for sixth straight meeting to 3.25%; NZD/USD $C:NZDUSD bounces.

🔸 Dick’s Sporting Goods $DKS beats Q1 estimates, comp sales +4.5%, reaffirms FY guidance; shares rise pre-market.
🔸 Macy’s $M Q1 tops estimates but cuts FY EPS outlook on tariffs and cautious consumer spending.