Overview

• The Dow Jones rose 0.43% while the S&P 500 and Nasdaq closed at all-time peaks this week
• President Trump notified 22 trading partners of import levies—including 50% on Brazilian goods and copper and 35% on Canadian products—delaying reciprocal tariffs until August 1
• The dollar index climbed to about 97.8, marking a weekly gain of roughly 0.8% as trade-policy uncertainty supported the greenback
• Bitcoin surged past $118,000 for the first time, driven by institutional demand and U.S. regulatory backing
• Emerging-market currencies diverged as Argentina’s peso traded at ARS 1,225/1,275 officially and around ARS 1,295 in parallel markets while the Mexican peso weakened to MXN 18.70 amid tariff concerns