S&P 500 recedes from record highs as tariffs sour sentiment

S&P 500 recedes from record highs as tariffs sour sentiment

By Noel Randewich and Pranav Kashyap

Fri July 11, 2025 4:00 PM

For the last few days, the market has been relatively complacent about tariffs. That all changed radically today with the announcement of still more tariffs with the trade war once again intensifying with Canada, the EU, Brazil and a number of other countries. Tariff and inflation anxiety is right back on the front page again. But no worries. When the Q2 reports start coming in next week, if they reveal as the market hopes that tariff impact has been minimal, and if the S&P earnings have increased by 5.7% as expected, then the bulls will start running again.  

Indexes rise, boosted by Nvidia record valuation, strong Delta forecast

Indexes rise, boosted by Nvidia record valuation, strong Delta forecast

By Sinéad Carew and Pranav Kashyap

Thu July 10, 2025 6:15 PM

It was pretty much a shot straight up on all the indexes except for the Nasdaq which began the day heavily in the red but began a recovery around 10 a.m. and continued on the rise breaking even around 1 pm and gaining 19. But it was another handsome 3-digit gain on the Dow. Since both the S&P and Nasdaq had already registered new record highs, today was yet another record high for both. Major boosts today came from Delta which issued its yearly profit forecast which exceeded estimates and provided some more optimism.  

Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone

Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone

By Sinéad Carew and Pranav Kashyap

Wed July 9, 2025 4:56 PM

Any objective reading of today’s market events would have to lead to the conclusion of very mixed signals. But today the market instead chose to focus on the positive signals and ignore the negative, thus pushing all the indexes into very respectable 3-digit gains. On the one hand, the Fed said that inflation is expected to get worse. On the other, the tariff impact is expected to be minor but, despite the headline reading “Fed Minutes Put Rate Cuts in Focus,” there really was no change.

Wall St stocks edge lower as investors look for tariff clarity

Wall St stocks edge lower as investors look for tariff clarity

By Sinéad Carew and Pranav Kashyap

Tue July 8, 2025 4:37 PM

On this second day as the market continues to digest the Great Tariff Shock, the indexes took another dive and to say trading was choppy would be a vast understatement as all three were up and down a dozen times or more throughout the session. Tech fared considerably better than industrials with the Dow dropping 3-digits but really the only reason losses have not been much greater is because no one on Wall Street believes these tariffs are actually going to hold, as has been the trend. There will continue to be much volatility until investors get much wanted clarity on the trade negotiations. The Fed minutes come Wednesday which will be parsed for clarity on inflation and rate cuts. Volume remains below average at 17.03 billion vs 18.3 billion. 

DJ: 44,406.36  -422.17       NAS: 20,412.52  -188.59      S&P: 6,229.98  -49.37        7/7

DJ: 44,240.76  -165.60       NAS: 20,418.46  +5.95         S&P: 6,225.52  -4.46          7/8

Tue 7-8-25 4:37 pm Wall St stocks edge lower as investors look for tariff clarity | Reuters

Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla

Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla

By Sinéad Carew and Pranav Kashyap

Mon July 7, 2025 4:42 PM

On Thursday, trade wars and budget bill concerns all went on the back burner, way back on the burners, with the excitement over the terrific jobs report. In fact, on Thursday, the tariff issues were widely considered to be in the rearview mirror. So what a difference a day makes. Today, with the announcement of new hefty tariffs on Japan, South Korea and others, as well as Tesla taking a major dive with Musk forming the all-new “America Party” to further challenge Trump, all three indexes also took a major dive.  

S&P 500, Nasdaq close at records on jobs data; Nvidia market cap nears $4 trillion

S&P 500, Nasdaq close at records on jobs data; Nvidia market cap nears $4 trillion

By Sabrina Valle

Thu July 3, 2025 4:39 PM

Today was once again proof that, on Wall Street, nobody knows anything. It was just yesterday that the consensus was a strong desire for a weak jobs report as that would likely mean sooner rate cuts. Instead, it was a terrific jobs report with 33% more jobs than forecast and the unemployment rate falling more than expected. This was supposed to be a downer but instead triggered a big rally with investors quickly deciding to look past the rate cut issue and instead focus on the exuberant news of a healthy jobs market and healthy economy. Tariffs, budget bill, inflation, national debt and all other worrying issues also went on the backburner today.

S&P 500, Nasdaq close on record high on Vietnam trade deal, tech stocks

S&P 500, Nasdaq close on record high on Vietnam trade deal, tech stocks

By Sabrina Valle

Wed July 2, 2025 5:02 PM

After yesterday’s report showing job gains in May had been higher than previously reported, thus being one contributing factor boosting the market, this morning another report showed lower than expected new jobs in June, thus opening all three indexes in the red. However, news of a trade deal with Vietnam quickly reversed course and at least the trade-sensitive tech indexes saw a continuous rise all day. And, as usual, when tech goes up industrials go down and the Dow was in the red almost all day but landed comfortably flat by close.