Overview
- President Trump unexpectedly joined trade talks with Japan and Italy, reporting 'big progress,' offering temporary market optimism.
- The Federal Reserve and European Central Bank emphasize cautious monetary policies, with the ECB cutting rates by 25 basis points due to trade uncertainties.
- Eli Lilly shares surged 14% after its experimental weight-loss pill showed promising results, while UnitedHealth shares plummeted 22% following a profit warning.
- Japan's inflation remains above the Bank of Japan's 2% target at 3.6%, influencing regional market sentiment and raising economic concerns.
- The S&P 500 ended the holiday-shortened trading week slightly higher, while the Dow Jones and Nasdaq closed with losses, reflecting ongoing volatility.