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Stocks Take a Dip as Trade Wars Heat Up
USAThursday, July 10, 2025
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Thursday Morning Market Overview
- Dow and S&P 500 futures: Down
- Nasdaq: Looking at a small gain
President Trump's Announcement
- New Tariff: 50% on Brazilian goods starting next month
- Reason: Response to legal action against Brazil's former president and U.S. tech companies
- Significance: Highest tariff announced so far
Nasdaq's Record High
- Wednesday's Performance: Great day, hitting a new record high
- Key Contributor: Nvidia
- Milestone: First company to hit a $4 trillion market value
- Comparison: Bigger than Apple and Microsoft
Market Concerns
- New Tariffs: Causing worry after Nasdaq's record high
- Analysts' View: Tech, especially AI, is a bright spot amid uncertainty
- Bond Yields: Lower yields helped ease economic fears
- Treasury Sale: $39 billion in 10-year notes at a yield of 4.362%
- Federal Reserve: Divided on interest rate cuts, but bonds saw a rally
What's Next?
- Market Balance: Trying to balance big gains in tech with trade and economic worries
- Investor Focus: Watching closely amid a tricky situation
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