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Time of India
17-07-2025
- Business
- Time of India
US stock market futures today: Dow, S&P 500, Nasdaq steady as Trump–Powell drama shakes Fed, top stocks like CSX and J&J rally while Micron, ADM tumble
How are stock index futures performing right now? S&P 500 ETF (SPY) is trading around $624.22 , slightly higher by +0.33% is trading around , slightly higher by Dow Jones ETF (DIA) is up about +0.52% at $442.36 is up about at Nasdaq-100 ETF (QQQ) is trading near $557.29, inching up by +0.13% Currently trading near 44,370 , down around 0.1% . , down around . Day's range: 44,356 – 44,474 Live Events Hovering around 6,302.75 , showing little movement. , showing little movement. Day's range: 6,288.25 – 6,311.50 Up slightly at 23,087.50 , rising by about 0.1% . , rising by about . Day's range: 23,017 – 23,151.75 Is President Trump's tension with Jerome Powell shaking investor confidence? What's driving today's market sentiment? Trump vs. Powell: Central bank independence rattled? Tariff storm ahead: What's Trump planning? 10–15% base tariffs across a wide range of imports across a wide range of imports 50% tariffs on metals like copper and steel like and A steep 30% levy on European goods Major Index Moves: Dow Jones Industrial Average: -45.66 points to close at 40,078.33 to close at S&P 500 Index: +8.60 points to close at 5,602.44 to close at Nasdaq Composite: +108.91 points to close at 18,385.74 Which stocks are gaining big this morning? Company Price % Gain CSX Corp. $35.50 +6.73% (Railroad earnings boost) ANSYS (ANSS) $388.18 +3.71% (AI & enterprise software strength) Norfolk Southern (NSC) $266.88 +2.52% CarMax (KMX) $63.44 +1.68% PepsiCo (PEP) $137.50 +1.59% (Consumer staples recovery) And who's sliding today? Company Price % Loss Archer-Daniels-Midland (ADM) $50.70 –6.11% Abbott Labs (ABT) $126.43 –4.03% Micron Technology (MU) $111.90 –3.89% U.S. Bancorp (USB) $44.00 –3.68% Union Pacific (UNP) $225.00 –2.67% Bank Stocks and Trading Major Wall Street banks posted strong trading revenue: Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America, and Citigroup collectively generated nearly $34 billion in Q2 trading revenue — up around 17% year-over-year collectively generated nearly in Q2 trading revenue — up around Daily news from FT noted a resurgence in investment banking, with top firms outperforming expectations on trading gains What key data and earnings should traders watch today? U.S. retail sales and consumer sentiment data will be released later today. Any weakness here could heighten concern about the strength of the economy amid rising tariffs. data will be released later today. Any weakness here could heighten concern about the strength of the economy amid rising tariffs. Netflix reports earnings after the closing bell. Expect tech sector volatility depending on subscriber growth and revenue guidance. What do June retail sales tell us about consumer strength? Is Netflix stock setting the tone for Big Tech earnings? Which other companies are reporting earnings today? Is the market at risk? What's next for the stock market amid mixed signals? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US Stock market today opened on a cautious note, with futures for the Dow Jones, S&P 500, and Nasdaq showing little movement early Thursday. The mood on Wall Street remained tense as President Donald Trump reignited speculation about firing Federal Reserve Chair Jerome Powell, adding fresh political drama to an already busy earnings and economic data week. Meanwhile, investors are watching closely for June retail sales data and Netflix (NFLX) earnings, two key events that could shape near-term market of pre-market trading on July 17:In short, futures are muted but stable, reflecting cautious optimism ahead of new economic data and Trump's public frustration with Fed Chair Jerome Powell resurfaced this week, triggering market jitters on Wednesday. Stocks sold off midday after reports circulated that Trump might fire Powell — something he's previously threatened. However, markets quickly bounced back when Trump clarified he's 'not planning' to take such action, at least for this drama isn't new. Trump has long criticized the Fed for its handling of interest rates, urging it to cut more aggressively. According to the CME Group's FedWatch Tool, almost 100% of traders are betting that the Fed will hold rates steady at its next meeting, despite mixed signals on are now left trying to balance political uncertainty with expectations for steady policy — a tricky tightrope that's keeping market moves limited ahead of major briefly dipped yesterday after reports emerged that President Trump considered firing Federal Reserve Chair Jerome Powell—a move that could shake investor confidence in Fed independence. Though Trump later denied the rumor, the episode triggered a jump in Treasury yields and some dollar weakness, showing how sensitive markets are to Fed leadership fuel to the fire, Trump also confirmed he will roll out a sweeping 'tariff barrage' starting August 1, targeting over 150 countries. This includes:Economists warn this could, especially after June's CPI came in hotter at, driven in part by import-sensitive are the top pre-market gainers as of July 17:Other early risers include Hewlett Packard Enterprise, GE Vernova, Blackstone, and the broader S&P 500, Johnson & Johnson also surged +6.2%, and Global Payments (GPN) rallied +6.5%, showing investor confidence in healthcare and are the top pre-market losers as of this morning:Also dropping:, andThese declines suggest, andare under pressure from macro fears and tariff critical market driver Thursday is the release of June retail sales — a direct look at how American consumers are spending. Economists expect a slight rebound in spending after a dip in May, where early purchases ahead of potential tariff-driven price hikes caused a short-term banks reporting earnings this week, including JPMorgan Chase, Bank of America, and Citigroup, all suggested that consumers are still relatively healthy. However, any softness in June's numbers could raise concerns about consumer resilience in the face of inflation and policy (NFLX) will report quarterly earnings after the bell Thursday, marking the first of the big tech names to post results this season. Shares of Netflix have surged in 2025, riding high on optimism around new content launches and global subscriber market will be watching Netflix's performance closely, especially its subscriber growth, ad-supported tier expansion, and international revenue trends. The results could set the mood for upcoming earnings from Apple, Microsoft, Google (Alphabet), and Amazon — all key drivers of this year's tech Netflix, Thursday also brings key earnings from Taiwan Semiconductor Manufacturing Company (TSMC) and PepsiCo (PEP). TSMC, a major chip supplier for Apple and others, is expected to give important insight into the global semiconductor supply chain and tech demand. PepsiCo, on the other hand, will provide clues on consumer staples spending and inflation pressures on household early earnings will help shape expectations for the broader earnings season, especially as companies face tighter margins, changing consumer behavior, and unpredictable policy now, Wall Street is moving cautiously. The Trump–Powell tension and aggressive tariff strategy are raising red flags for investors, especially with inflation already heating up. While some sectors like railroads, healthcare, and AI-driven tech are doing well, others like banks, consumer goods, and semiconductors are taking a are watching closely for signs that trade policy could derail the soft-landing it stands, the US stock market is holding near record highs — but it's walking a tightrope. Political risk, uncertain economic data, and high valuations are keeping traders cautious. With inflation data sending mixed messages and the Fed unlikely to budge in the near term, much will depend on how companies perform this with Trump once again turning his attention to the Federal Reserve, Wall Street will likely keep one eye on earnings and the other on political headlines coming out of S&P 500, and Nasdaq futures are mostly flat amid Trump-Powell tensions and earnings is the first Big Tech name to report, and its results may set the tone for tech stocks.
Time of India
11-07-2025
- Business
- Time of India
US stock market today jolted: Dow, S&P 500 & Nasdaq snap reversal amid Trump's Canada tariffs—Nvidia and Levi Strauss climb as airlines tumble
US stock market falls from record highs as Trump's tariff threat shakes investor confidence- The US stock market pulled back on Friday morning, July 11, after a strong run to record levels, as escalating tariff tensions between the Trump administration and Canada triggered investor caution. The S&P 500, which hit an all-time high just a day earlier, slipped 0.4% in early trading. The Dow Jones Industrial Average dropped 257 points, or 0.6%, while the Nasdaq composite, also coming off a record close, was down 0.2%. This drop signals a shift in sentiment and puts major indexes on track for their first weekly loss in nearly a month. The pressure is largely attributed to President Donald Trump's renewed trade threats against Canada, which have raised fears of economic retaliation and slowed investor momentum. S&P 500 dropped 26.77 points (–0.42%) to 6,253.94 , pulling back after reaching a record high the previous day. Dow Jones Industrial Average fell about 264 points (–0.58%) to 44,390.90 , weighed down by stocks like Nike and Sherwin‑Williams. Nasdaq Composite declined 42.03 points (–0.20%) to 20,588.63 , despite tech stocks showing some resilience. How are the major indices performing today? As of the latest trade: S&P 500 ETF (SPY) : Down 0.34% at $623.72 Dow Jones ETF (DIA) : Down 0.58% at $443.89 Nasdaq ETF (QQQ) : Slightly lower by 0.11% at $554.83 All three indices had briefly touched or approached record highs before sliding into the red by afternoon trading. What triggered today's market reversal? The market's mood shifted dramatically after President Trump announced a 35% tariff on Canadian goods starting August 1 . The move came without warning and rattled traders already wary of escalating trade had been focusing on upcoming earnings season , which officially kicks off next week. But the sudden policy shift redirected attention back to geopolitical and trade risks , sparking volatility across sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Turn everyday drives into standout moments. Toyota Glanza Learn More Undo Which stocks are outperforming today? Despite the broader pullback, several names are shining: Nvidia (NVDA) : +1–2% | Market cap now at a record $4 trillion Amazon (AMZN) : +0.8% | Continues bullish trend ahead of Prime Day Palantir (PLTR) : +1% | Holding strong above technical support MicroStrategy & Marathon Digital : +3–4% | Riding Bitcoin's rally past $118K Levi Strauss (LEVI) : +9.7% | Surged on strong earnings and raised guidance AMC Entertainment : +9.5% | Lifted by Wedbush analyst upgrade Who are the top losers dragging the market down? A handful of key names took heavy hits today: Stock % Drop Freeport-McMoRan –2.3% (tariff exposure) United Airlines –4.4% Delta Airlines –2.7% Nike (NKE) –1.81% Intel (INTC) –1.72% Visa (V) –1.48% CoreWeave –4% (continues post-IPO sell-off) Why did US stocks fall after hitting record highs? The decline across US indexes comes just one day after the S&P 500 and Nasdaq reached fresh records. But renewed trade tensions — especially Trump's aggressive stance toward Canada on tariffs — introduced fresh uncertainty. Investors were quick to shift gears, pushing stock prices lower as caution took over optimism. The S&P 500 was down 0.4% and headed for a weekly loss after a three-week winning streak. The Dow Jones, down 257 points early Friday, has now fallen for several sessions, and the Nasdaq, though slightly down by 0.2%, is also trending lower for the week. Live Events Bond Yields & Treasury Impact The 10-year Treasury yield climbed from 4.34% to around 4.40% , signaling increased caution in the bond market and reducing appetite for risk in equities. Higher bond yields typically pressure growth stocks, especially in the technology sector, as investors shift to safer assets. What role did Trump's tariff threat play in the market drop? President Trump's statement signaling a possible new wave of tariffs on Canadian goods sent ripples through the markets. While details remain limited, the threat alone was enough to rattle sentiment, especially after a period of relative calm. Trade disputes often impact sectors such as manufacturing, agriculture, and energy — all of which play a significant role in the US stock market. The tension also stoked worries about retaliatory measures from Canada, adding another layer of uncertainty for investors already navigating interest rate risks and inflation pressures. How are Treasury yields reacting to the market moves? Amid the equity market pullback, bond yields were mostly higher, suggesting some investors are rotating into fixed income while keeping inflation expectations in mind. The yield on the 10-year Treasury note rose to 4.40%, up from 4.34% late Thursday. That increase reflects stronger demand for bonds and a cautious eye toward the Federal Reserve's next move. Higher yields can also pressure stock valuations, especially in tech and growth sectors, which makes this bond market movement another reason for the day's equity slump. Are major indexes heading for a weekly loss? Yes, if the current trend holds, all three major indexes are set to end the week in the red. This would break a three-week winning streak for the S&P 500, which had been enjoying upward momentum thanks to strong earnings and expectations of steady interest rates. S&P 500: Down 0.4% today, negative for the week Dow Jones: Down 0.6% or 257 points as of 10:04 a.m. ET Nasdaq Composite: Down 0.2%, despite record highs the day before Investors are becoming more cautious as geopolitical risks come back into the spotlight. What's the big picture? Today's action shows just how fragile investor confidence remains. After pushing the Nasdaq and S&P 500 to all-time highs this week, markets stumbled on the return of tariff politics. While tech giants like Nvidia and Amazon remain resilient, traders are now bracing for a volatile earnings season — with trade, inflation, and rate expectations all in play. What should investors watch next in the US stock market? Looking ahead, traders and analysts are watching several key areas: Any updates or policy shifts from the Trump administration regarding Canadian tariffs Economic data releases next week that could influence the Federal Reserve's interest rate policy Earnings season, which is picking up and could help offset some of the nervousness in the market Movements in Treasury yields, especially the 10-year, which is closely watched for signs of economic sentiment With markets now reacting more sensitively to external risks, volatility could rise in the coming sessions. Index/Asset Value/Change S&P 500 -0.4% Dow Jones Industrial -257 pts (-0.6%) Nasdaq Composite -0.2% 10-Year Treasury Yield 4.40% (up from 4.34%) Top Reasons for the Market Decline Tariff tensions : President Trump increased tariffs on Canadian imports from 25% to 35% , sparking trade war concerns. Investor reaction : The move triggered selling across major indexes amid fears of retaliation and broader global trade disruption. Bond yield spike : The 10-year Treasury yield rose to 4.40% , reducing investor appetite for riskier assets like stocks. The US stock market is showing signs of fragility despite recent highs, as Trump's trade policy once again takes center stage. Investors should brace for possible volatility and closely follow political and economic developments in the days ahead. FAQs: Q1: Why is the US stock market falling after reaching a record high? Because Trump's new tariff threat against Canada has shaken investor confidence. Q2: What impact did bond yields have on US stock performance today? Rising 10-year Treasury yields added pressure and drove stocks lower.
