How are the major indexes performing?
- S&P 500 (SPY): Down about 0.47% to 622.41
- Dow Jones (DIA): Slipped 0.45% to 446.05
- Nasdaq (QQQ): Dropped 0.62% to 552.75
These moves reflect a cautious mood across Wall Street as traders brace for possible economic and trade disruptions, especially with a key tariff deadline approaching.
Why did US stocks fall after reaching record highs last week?
The decline in the US stock market today follows Thursday’s record-setting session, when a strong jobs report had propelled both the S&P 500 and Nasdaq to all-time closing highs. But the momentum didn’t last. The long Independence Day weekend gave markets a brief pause, and now, with President Trump’s renewed tariff threats and looming deadlines, investors are growing cautious.
Trump’s announcement on Sunday came as a shock to many: he stated that starting August 1, the US will impose an additional 10% tariff on any country aligning with what he called the “Anti-American policies of BRICS.” That includes major trading partners like China and India. With trade talks still unresolved and only limited agreements reached (so far with the UK and Vietnam, and a tentative framework with China), markets are bracing for impact.
Tesla plunges as Elon Musk reveals political plans
One of today’s biggest losers was Tesla (TSLA), which fell a sharp 7%, dropping to $293.04. The stock took a hit after CEO Elon Musk announced plans to start a new political party, rattling investors and sparking concern over future regulatory risks.
Other tech giants also saw red:
- Apple (AAPL) slid about 0.7%, retreating from its early highs.
- The tech-heavy Nasdaq felt the pressure, down nearly 0.6%.
What stocks are up today?
Despite the broader market dip, several names posted solid gains:
- American Express: +0.8%
- Microsoft: +1.6%
- Boeing: +1.8%
- Amazon: +1.6%
- IBM: +1.5%
- JPMorgan: +1.4%
- Visa: +1.3%
- Cisco: +1.1%
- Salesforce: +1.0%
Special standouts:
- Geo Group and CoreCivic jumped around 3% after funding for migrant detention facilities was approved.
- WNS skyrocketed 14% after Capgemini announced a $3.3 billion acquisition deal.
- Molina Healthcare edged up 0.8% even after slightly lowering guidance.
US stock market full data
US stock market today opened lower as trade tensions flared up again, pulling down key indexes. President Trump’s confirmation of new country-specific tariffs starting August 1 sparked fresh uncertainty among investors, leading to a red start for the week.
Major Index Performance
- Dow Jones Industrial Average: Down approximately 0.4%
- S&P 500: Fell by about 0.4%
- Nasdaq Composite: Dropped around 0.6%
Biggest Stock Movers
- Tesla (TSLA): Slumped nearly 7%, weighed by growing political controversy after Elon Musk revealed plans for a new political party, raising concerns among shareholders.
- Tech sector overall: Experienced sharp pullbacks, contributing to the Nasdaq’s underperformance.
Futures Overview
- Dow Futures: Down by 0.3%
- S&P 500 Futures: Dropped 0.32% – 0.41%
- Nasdaq Futures: Down by 0.47% – 0.50%
Futures fell ahead of market open as fears over trade friction and political developments started weighing on short-term sentiment.
What is Trump’s new tariff policy and who will it affect?
President Trump made it clear that the tariff pause from April is ending. The self-imposed deadline for finalizing trade deals is July 9, and if no agreements are in place, tariffs will kick in next month.
In a social media post late Sunday, Trump warned that there will be no exceptions to this new policy. This puts pressure on more than 100 countries currently in trade negotiations with the US. As of now, only the UK and Vietnam have finalized deals. Treasury Secretary Scott Bessent confirmed that letters detailing new tariff rates will go out this week, but the actual duties won’t be enforced until August 1.
This escalation follows sharp criticism from BRICS nations at their recent summit, where they slammed Trump’s tariff strategies. The White House’s response? Push back harder. That’s now echoing through Wall Street and beyond.
How are investors reacting to renewed trade tensions?
Investor sentiment turned cautious as the week kicked off. The tariff threats and a tight negotiation deadline have created fresh waves of volatility in the US stock market.
The fear is simple: higher tariffs mean higher costs for companies and disrupted global supply chains. Add to that concerns over US-China relations and the uncertainty of 100+ unresolved trade agreements, and it’s clear why Wall Street is pulling back.
Even high-flying tech stocks weren’t spared. Tesla (TSLA) tumbled amid controversy surrounding CEO Elon Musk’s political ambitions, including talk of forming a new political party. This added to the broader retreat in the Nasdaq, which is particularly sensitive to global developments and political risk.
What key economic data and events are coming this week?
While tariffs are dominating headlines, corporate earnings season is just around the corner. This Thursday, Delta Airlines (DAL) will unofficially kick off Q2 earnings, giving investors the first real glimpse into how companies are navigating the new global landscape.
Eyes will also be on Treasury Secretary Bessent, who hinted at potential deals coming in the next few days. His team is working to finalize agreements with 18 major trading partners before moving on to the remaining countries. That clarity—or lack of it—will shape how the markets move as we approach Trump’s July 9 tariff deal deadline.
What’s driving the market today?
Investors are growing nervous about rising trade tensions, with President Donald Trump intensifying his tariff warnings ahead of a looming deadline. The uncertainty is pushing traders to rotate out of volatile tech stocks and into safer names like financials and industrials.
What’s next for the US stock market and global trade?
For now, the US stock market outlook remains mixed. The bulls had been in control thanks to strong labor data and optimism about economic growth. But geopolitical risks are quickly taking center stage again. If key trade agreements aren’t reached this week, markets could see sharper corrections in the days ahead.
Investors are watching three key things:
- Progress on the US-China trade deal
- Finalization of tariffs for over 100 countries
- Signals from corporate earnings about forward guidance
Until there’s more clarity, market volatility is expected to continue.
FAQs:
Q1: What caused the US stock market to fall today?
The market fell due to Trump’s new tariff threats and looming trade deal deadlines.
Q2: When will the new US tariffs officially start?
The new tariffs will go into effect on August 1, 2025, as announced by President Trump.