Service-Sector Data Brings Downbeat Day for Stocks

Monday's rally lost steam as the Nasdaq and S&P 500 slipped.

----

Trump Just Got a Fresh Shot at Bending the Fed to His Will

The early departure of Biden appointee Adriana Kugler offers the president potential help on interest rates-and a new way to make life hard for Chair Jerome Powell.

----

The 10-Year Auction Wednesday to Test Buyers' Appetite

The market has seen five consecutive strong 10-year auctions, and Wednesday's $42 billion sale of 10-year debt could be strong too.

----

India's Central Bank Stands Pat Amid Tariff Pressures

The Reserve Bank of India's monetary policy committee on Wednesday unanimously voted to maintain its policy repo rate at 5.50% and its monetary policy stance at neutral.

----

The Dollar Saw a Nice Bounce in July. Where Currency Pros Expect It Will Go Next.

The dollar's 3.2% gain in July made it the best month in about three years.

----

U.K. Government Likely to Lean on Tax Rises to Avoid Budget Rules Breach, NIESR Says

The U.K. government is set to break its fiscal rules unless it raises taxes or cuts spending when it unveils its new budget plans later this year, the U.K.'s National Institute of Economic and Social Research said.

----

High tariffs drive China imports down to a 16-year low. But U.S. trade deficits are still as big as ever.

High tariffs on China-made products drove U.S. imports from the world's second-largest economy to a 16-year low in June - yet the dramatic shift hasn't put a big dent in America's overall trade deficit.

----

The Stock Market Is Stuck Between Good Earnings and Bad Data. How the Tension Gets Resolved.

S&P 500 profits have been strong, while the jobs report suggests a weaker economy. Something's gotta give.

----

Trump threatens drugmakers with 250% tariffs. Here's when higher levies could come.

The latest level of tariffs on the pharmaceutical industry is the highest yet from the president.

----

White House Preps Order to Punish Banks That Discriminate Against Conservatives

The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

----

U.S. Services-Sector Activity Slows

Activity in the U.S. services sector only marginally expanded in July, as employment contracted at a faster pace and U.S. trade policy continued to cause concern for businesses.

----

Trump Says China Deal Is 'Very Close,' Threatens the EU, Talks Tariffs on Semis

President Donald Trump said the U.S. was "getting very close" to a deal with China, while also threatening to impose higher tariffs on the European Union.

----

Swiss President Dashes to Washington to Avert Crippling Trump Tariffs

The recent U.S. decision to impose a 39% levy stunned the Alpine nation and upended months of negotiations.

----

Canadian Government Offers $900 Million Support Package to Lumber Industry

The roughly C$1.25 billion package of measures is intended to help the country's lumber industry address increased U.S. trade duties and support a drive to build homes and infrastructure.

(END) Dow Jones Newswires

August 06, 2025 01:00 ET (05:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.