Morning Brief anchor Allie Canal breaks down the latest market news for July 11, 2025.
Bitcoin powers higher past $118,000 and soars to an all-time high. The cryptocurrency is up 26% year-to-date.
President Trump has announced a 35% tariff rate on some Canadian goods imported into the US. Also, the EU, which is one the United State’s biggest trading partners, is bracing for a letter from the White House regarding its tariff rate.
Multiple analysts have raised their year-end targets for the S&P 500. Some of the top calls include Goldman Sachs at 6.600, Wells Fargo at over 7,000, and BMO Capital Markets at 6,700.
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