Market News

Market Snapshot Index Close Change % Change S&P 500 7,498.96 -10.24 -0.14% NASDAQ 25,690.90 -146.30 -0.57% DOW 52,218.58 -6.06 -0.01% Russell 2000 2,959.94 -27.46 -0.92% VIX 16.64 -0.41 -2.40% Breaking News & Macro Events Trump Administration Announces New Tariffs on 60 Countries — Marketplace Sweeping new tariffs ranging from 10% to 12.5% will replace existing import duties expiring July 25, with steeper levies on select partners — 25% on Brazil and 50% on Canada effective August 19. A fresh tariff wave lands squarely on an inflation picture the Fed is already weighing ahead of next week’s meeting, and raises cost pressure for import-heavy retail and industrial names. ...

Market Snapshot Index Close Change % Change S&P 500 7,509.20 +65.92 +0.89% NASDAQ 25,837.21 +329.14 +1.29% DOW 52,224.64 +385.38 +0.74% Russell 2000 2,987.40 +44.97 +1.53% VIX 17.05 -1.60 -8.58% Breaking News & Macro Events Trump announces 50% tariffs on Canadian exports — CNBC The administration issued proclamations for 50% duties on a range of Canadian goods (dairy, beer, plywood, hockey equipment), effective in 30 days. Energy, potash, critical minerals, autos, and steel are exempted. Prime Minister Carney is reportedly planning retaliatory measures. The USTR also signaled additional tariff actions against multiple countries “soon,” including a proposed 12.5% Section 301 tariff on imports from 60 economies — a meaningful escalation of trade-policy risk. ...

Overnight Developments Global Semiconductor Selloff Accelerates; Nikkei Falls 4% — Invezz The Nikkei 225 plunged -4.14% to 64,141 in a chip-led rout, now down roughly 11% from its June peak. Kioxia (-16%), SoftBank (-9%), Tokyo Electron (-8%) and Advantest (-7.2%) led losses as AI valuation concerns deepened globally. South Korea’s Kospi fell a similar -4.9% (Samsung -4.4%, SK Hynix -3.3%). Watch NVDA, SMCI, INTC, TSM and the broader chip complex at open. Affected sectors: Semiconductors, Technology, AI-related ...

Market Snapshot Index Close Change % Change S&P 500 7,443.28 -14.41 -0.19% NASDAQ 25,508.07 -12.17 -0.05% DOW 51,839.26 -307.16 -0.59% Russell 2000 2,942.43 -19.79 -0.67% VIX 18.65 -0.09 -0.48% Stocks drifted modestly lower to start the week. The Dow lagged (-0.59%) while the Nasdaq held nearly flat as semiconductors and Big Tech cushioned the tape. The VIX stayed subdued below 19, a sign that despite the headlines, options markets aren’t pricing panic. ...

Overnight Developments Global Semiconductor & AI Valuation Rout Slams Asia — Nikkei Asia / CNBC The Philadelphia Semiconductor index fell 4.3% overnight as investors aggressively unwound leverage from AI and tech trades on concerns that valuations can’t be justified by earnings growth. In Japan, Kioxia crashed 16%, Tokyo Electron -8.1%, and SoftBank -9%; SK Hynix’s US-listed shares plunged 13%. The deleveraging cascaded across the region — Nikkei -4.14%, Shanghai -3.02%, Hang Seng -1.78%. Affected sectors: Technology, Semiconductors, AI ...

Market Snapshot Index Close Change % Change S&P 500 7,457.69 -76.08 -1.01% NASDAQ 25,520.24 -361.70 -1.40% DOW 52,146.42 -406.55 -0.77% Russell 2000 2,962.22 -12.35 -0.42% VIX 18.77 +2.06 +12.33% The chip-led selloff deepened into a broad risk-off Friday, with the Nasdaq down 1.4% as the semiconductor complex extended its worst week since the April 2025 tariff shock. Oil jumped on Middle East tensions, the VIX spiked above 18, and mega-cap tech (GOOG -3.0%, META -3.1%) led losses despite a strong TSMC quarter. ...

Market Snapshot Index Close Change % Change S&P 500 7,533.77 -38.63 -0.51% NASDAQ 25,881.95 -387.28 -1.47% DOW 52,552.97 -105.67 -0.20% Russell 2000 2,974.57 -1.69 -0.06% VIX 16.73 +1.06 +6.76% A chip-led risk-off session: TSMC’s record quarter came with a sharply higher capex guide, and semiconductors dragged the Nasdaq down nearly 1.5%. Defensives and staples cushioned the Dow. Breaking News & Macro Events US imposes 25% tariffs on Brazil, effective July 22 — CNN Business Washington announced 25% tariffs on Brazilian imports citing unfair trade practices, taking effect July 22. Coffee, beef, oranges, oil/gas, and aerospace parts are exempted. Brazil’s Lula pledged countermeasures and WTO action — a fresh trade-war flashpoint that added to the day’s risk-off tone. ...

Overnight Developments US Blockades Iran, Escalates Strait of Hormuz Conflict — CNN, NPR The US military began a naval blockade of Iranian ports on July 14 and struck military targets across Iran (Bushehr, Chah Bahar, Jask, Konarak, Abu Musa, Bandar Abbas). Iran has vowed to assert control over the Strait of Hormuz, and European airlines have been directed to avoid Gulf airspace. Crude oil jumped ~3.6% to roughly $74/barrel, and global government bond yields rose 4–5 basis points on escalation fears. Affected sectors: Energy, Shipping/Transportation, Defense. ...

Market Snapshot Index Close Change % Change S&P 500 7,572.40 +28.81 +0.38% NASDAQ 26,269.23 +162.22 +0.62% DOW 52,658.64 +150.37 +0.29% Russell 2000 2,976.26 +11.50 +0.39% VIX 15.67 -0.83 -5.03% Breaking News & Macro Events Trump Administration Revamps Tariff Strategy After Court Setback — Al Jazeera / Tax Foundation After a February 2026 Supreme Court ruling struck down the IEEPA-based tariffs, the administration has relaunched its trade agenda through a new legal approach targeting 60+ economies, including the EU. Tax Foundation now pegs the levies as the largest U.S. tax increase as a share of GDP since 1993, averaging roughly $1,500 per household in 2026 — a persistent headwind for import-heavy retail and consumer names. ...

Market Snapshot Index Close Change % Change S&P 500 7,543.59 +28.25 +0.38% NASDAQ 26,107.01 +233.83 +0.90% DOW 52,508.27 +9.63 +0.02% Russell 2000 2,964.76 +11.60 +0.39% VIX 16.50 -0.65 -3.79% Breaking News & Macro Events Inflation Cools, Trimming Fed Rate-Hike Odds — Bloomberg A softer-than-expected June CPI print (index down ~0.4% month-over-month, per FRED data through June) eased fears of a near-term Fed rate hike and sent Treasuries higher. Market-implied odds of a July move fell sharply, reinforcing expectations the Fed holds steady at its July 28–29 meeting. The relief drove the risk-on tone, with the VIX sliding nearly 4% to 16.5. ...