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Market sentiment today was largely shaped by news of a trade agreement between the U.S. and the EU. The countries agreed to implement 15% tariffs, which will also cover sectors previously at risk of higher duties, such as automobiles and pharmaceuticals (though communication from Brussels and Washington on these sectors remains inconsistent).
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U.S. stock indices are holding their Friday valuations. The S&P 500 remains around 6,380 points, and the Dow Jones hovers near 44,800 points. The broad-based Nasdaq index is performing best, up 0.3%.
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The U.S. dollar is the strongest G10 currency today. Its appreciation follows the signing of several trade deals by President Donald Trump, most notably the U.S.–EU agreement announced on Sunday.
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Tesla shares are up 4% after confirming a massive $16.5 billion semiconductor supply deal with Samsung. Elon Musk announced the collaboration will focus on producing Tesla’s next-generation AI6 chips at Samsung’s new Texas facility.
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AMD shares are also up 4% after news that the company plans to raise the price of its Instinct MI350 AI accelerator from $15,000 to $25,000 — a nearly 70% increase. Despite the hike, the chip remains cheaper than Nvidia’s competing Blackwell B200 model.
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European indices are mostly down. Germany’s DAX leads the losses, down 1%, followed by France’s CAC 40 (-0.4%) and the UK’s FTSE 100 (-0.4%). Italy’s IT40 is flat, while Poland’s WIG drops over 1.6%.
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Friday’s oil price declines have been fully offset by Saudi Aramco’s decision to raise prices for the Asian market — the second consecutive month of such a move. WTI crude is up 2.25% to $66.50.
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Lower geopolitical uncertainty and a stronger dollar are weighing on precious metals today. Gold is down 0.8%, and silver is down 0.3%.
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The cryptocurrency market is experiencing its first notable correction in a while. Bitcoin is down 1.40%, Ethereum 2.10%, and the total market cap of altcoins has fallen by 1.90%. Despite the dip, both Bitcoin and Ethereum remain within their upward consolidation channels.
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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Truth Social Bitcoin ETF until September 18 — the final deadline. Reviews of other crypto ETF applications, including the Grayscale Solana Trust and Canary Capital Litecoin ETF, have also been delayed.
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