Today At A Glance
U.S. equities closed lower amid President Trump’s announcement of hefty new tariffs (35% on Canada, 50% on Brazil, plus higher “universal” tariffs), which spooked global trade sentiment. The S&P 500 retreated from its record high, dropping ~0.3%, while the Dow slid ~0.6% and the Nasdaq fell ~0.2%. Treasury bonds sold off in tandem, pushing long-term yields toward 5% and further adding to market volatility. Megacap tech, especially Nvidia, showed resilience, with AI demand helping it maintain gains despite broader market weakness. Small‑caps and the Russell 2000 led the sell-off, declining about 1.3% on renewed uncertainty over trade and tariffs.
Today’s Index Performance
- Dow Jones Industrial Average (^DJI): Opened near ⟨~44,651⟩ and closed at 44,371.51, down 0.63%
- Nasdaq Composite (^IXIC): Opened near 20,630.66, ended at 20,585.53, down 0.22% .
- S&P 500 (^GSPC): Opened near its record at 6,280.46, closed at 6,259.75, slipping 0.33%
Gainers Of Note
- Levi Strauss (NYSE: LEVI): Iconic denim apparel brand; surged +11.3% on stronger-than-expected Q2 sales and raised guidance.
- AeroVironment (NASDAQ: AVAV): Designer of defense drones; added about +11% following a Pentagon announcement to boost drone production.
- Kratos Defense (NASDAQ: KTOS): Military and drone-focused systems provider; also jumped ~+11% on increased defense spending news .
Losers Of Note
- Circle Internet Group (NASDAQ: CRCL): Stablecoin/payments platform; fell –8% after a neutral analyst rating dampened investor enthusiasm.
- PayPal (NASDAQ: PYPL): Digital payments provider; dropped ~–5.7% amid concerns over JPMorgan imposing fees on fintechs.
- United Airlines (NASDAQ: UAL): Major U.S. carrier; down ~–4.3%, following legislative worries over its partnership with JetBlue.
Active Traders Of Note
- Nvidia (NASDAQ: NVDA): AI chipmaker; high-volume trading with modest +0.5% gain, buoyed by continued AI demand and a $4 trillion market cap milestone .
- AMC Entertainment (NYSE: AMC): Movie-theater chain; rallied ~+11% on positive Wedbush upgrade outlook .
- MicroStrategy (NASDAQ: MSTR): Crypto-asset exposure firm; saw heavy volume with gains tied to Bitcoin reaching fresh highs (~$118 k) .
Looking Forward:
Today’s tariff-driven sell-off resets risk sentiment, suggesting upcoming volatility as investors weigh global trade policy. While megacap tech and defense sectors showed defensive strength, renewed bond market pressures may intensify scrutiny on Federal Reserve rate guidance. Next week’s early earnings and any tariff clarifications will be focal in shaping market direction.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
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