S&P 500 closed at new highs amid Trump’s blitz

President Donald Trump’s fast blitz swirling through bureaucracy, economic policy and geopolitical issues is not over. When a senior US official met his Russian counterpart for high-level consultations, Trump suggested to reporters that Ukraine was somehow responsible for inciting invasion of the Moscow country .

But on other side, Trump leaves things uninterrupted. His administration left strict, unharmed rules set up during former US President Joe Biden’s term – overseeing corporate mergers. It can come as a disappointment for Wall Street. Wall Street was looking forward to an increase in deals due to expectations that the Trump administration was in favor and would be much opposed to mergers and takeovers.

But it didn’t disappoint investors too much. The S&P 500 set up a new closing record on Tuesday. And, more than Trump, the European Stoxx 600 also scored a fresh high.

Records on both sides of the Atlantic Ocean
Tuesday, S&P 500 We closed at a fresh high of 6,129.58, adding 0.24%. Dow Jones Industrial Average It was flat Nasdaq Composite It rose 0.07%. but, Meta The stocks snapped their 20-day winning streak. In Europe, continental regions Stoxx 600 The index also approached the record after climbing 0.32%. European defence stocks continued to march higher, with Lubawa increasing by 14% and RENK group increasing by 2.7%.

Optimism about potential Inter divisions
Intel Shares surged 16.1% on Tuesday after news broke it Broadcom and Taiwan Semiconductor Manufacturing They reportedly look at deals that could potentially dissolve the US chipmaker. After enjoying the best day since March 2020, Intel shares closed at $27.39. Earnings on Tuesday led to a stock increase of nearly 31% this year following a 60% slump in 2024. Broadcom shares fell 1.9%, while TSMC was below 0.6%.

Strict merger rules remained intact
The Trump administration said Tuesday that it will continue to use strict guidelines adopted during former US President Joe Biden’s term in order to consider the proposed corporate merger. The decision is a victory for the Trump administration’s hostile wings embodied by Vice President JD Vance, but the blow to Wall Street will bring more deals under a loose framework to assess the proposed merger. I was hoping for this.

Musk’s Xai launches Grok 3
Elon Musk’s Xai announced its latest artificial intelligence model, the Grok 3 on Tuesday. The Xai team also said they are launching a new product called “Deep Search.” This acts as a “next-generation search engine.”

The US meets Russia in Saudi Arabia
Secretary of State Marco Rubio met Russian Foreign Minister Sergei Lavrov in Saudi Arabia on Tuesday morning. On the same day, US President Donald Trump said Ukraine “must never have started it,” referring to the 2022 invasion of Russia’s country.

(Pro) We are divided into out-of-performance in Europe
The STOXX 600 index rose 6.3% in January, much higher than the S&P 500’s 2.7% increase. The former outperformance continued in February, up from the broader index months in the US. Some analysts are optimistic, but the trend may be enduring, while others warn that “European investors may need to enjoy it while it continues.” .

Huawei launches a $3,660 trio phone outside China to represent an international comeback

Huawei launched MATE XT on Tuesday, priced it at 3,499 euros ($3,660). The phone was released in China last year and portrayed a global plot that it was the first ever Torihold phone. A regular folding device can be folded in half vertically or horizontally. MATE XT has two points that can be folded and can display content on a single, double or triple screen.

Huawei was once the largest smartphone player in the world. US sanctions that begin in 2019 have blocked Huawei’s access to Advanced Chip and Google’s Android operating system, driving market share. However, in China, according to IDC, Huawei’s market share rose from 12% in 2024 to 17% in 2024. Huawei hopes to bring that momentum to overseas markets.