Trump's Moves and Market Shifts: A Tale of Two Highs

The S&P 500 and the European Stoxx 600 hit new highs on Tuesday. This happened while U. S. President Donald Trump was busy with a flurry of activities. He was meeting with Russian officials and making controversial statements about Ukraine. Trump's administration kept the strict rules for corporate mergers. These rules were put in place during the previous administration. This might have disappointed some people on Wall Street. They were hoping for more business-friendly policies. But investors didn't seem too bothered. The S&P 500 reached a new closing high. This shows that the market can handle a lot of different things at once. Huawei, a big name in tech, launched a new phone. The Mate XT is a trifold phone. It can fold in two places and show content on one, two, or three screens. This phone costs a lot, about 3, 499 euros or $3, 660. Huawei was once the biggest smartphone maker in the world. But U. S. sanctions in 2019 hurt its business. It lost access to advanced chips and Google's Android system. This caused its market share to drop. However, in China, Huawei's market share grew to 17% in 2024. The company is now trying to bring that success to other countries. Huawei was once the biggest smartphone player in the world. U. S. sanctions beginning in 2019 cut off Huawei's access to advance chips and Google's Android operating system, causing its market share to plunge. However, in China, Huawei's market share grew to 17% in 2024 from 12% the year before, according to the IDC. Huawei is hoping to bring that momentum to its overseas market.