Stock Market Today Updates: Trading at Wall Street plummeted a notch further when global supporter of business President Trump, following a Supreme Court judgment, announced a 15% global tariff increase and casting fear of trade war. Dow dropped 771.92 points (1.56) to 48,854.05, Nasdaq fell 326.07 (1.42) to 22,560.79 and S&P 500 declined 79.72 (1.15) to 6,829.79. Gold rose more than 2% to break out to about $5,200 as a haven and Bitcoin declined to under $66,000.Â
U.S. Market Snapshot
|
Index |
Close |
Change |
% Change |
|
Dow Jones |
48,854.05 |
-771.92 |
-1.56% |
|
Nasdaq |
22,560.00 |
-326.07 |
-1.42% |
|
S&P 500 |
6,829.79 |
-79.72 |
-1.15% |
Trading volume surged amid panic selling and reflecting broad-based declines across sectors.
Dow Jones
The Dow Jones Industrial Average dropped by 771.92 points to 48,854.05 or 1.56% and erased the post-ruling excitement on Friday. The blue-chip index was dragged down by such heavyweights as American Express and Nike. Tariffs are a concern to investors because it will affect global supply chain-driven multinational firms.
Nasdaq
Nasdaq Composite fell by 1.42% and finished at 22,560.00 or 326.07, as tech shares became the most vulnerable to the risk aversion. Although AI was hyped the general uncertainty more than specific names gained. The index is now floating around major levels of support and putting traders to the test.
S&P 500
S&P 500 dropped 79.72 or by 1.15% to 6,829.79 with nine out of eleven sectors recording falls. Losses during inflation fears due to increasing importation prices were caused by finances and consumer discretionary. The decline of the wide market is an indication of major concern about economic growth.
NYSE
The ratio of decliners versus advancers was 1.33 to 1 at NYSE, which demonstrates widespread bearishness. Volume increased as institutions were washed out of the equities into havens. The action of this exchange resembles that of Wall Street in its wild reaction to the news about tariffs.
Why is the US Stock Market Down Today?
Market sentiment was destroyed as fresh tariff threats by President Trump appear to reverse a temporary rally, when his reciprocal tariff was nixed by the Supreme Court. The stocks wiped out profits as traders factored in increased prices and vindictive risks. Volatility shot up with VIX surging in the turmoil.
Trump’s Tariff Hike Emerges as the Direct Trigger
Trump used Section 122 of the 1974 Trade Act which allows a 15% worldwide tariff, an increase of 10%, which would take effect immediately through Truth Social. This 150-day game of powerplay bypasses Congress which will be in the short term but uncertainty is awaited after the end of the window. Markets despise the “buyer beware” speech to the trade partners.
How US-Iran Tensions Are Keeping Oil Prices High
The US and Iran geopolitical tension sustained the oil price as WTI crude stood at $66.99 (0.77) and the Brent stood at $71.16 (0.71). The threat of Strait of Hormuz interruptions was more than the slowdown in tariffs. Natural gas also rose 0.69% to $3.07.
How is Europe Reacting to Trump’s Tariff Hike?
EU officials lamented the action as pure tariff anarchy, transatlantic deals are under threat, and they needed clarification. The Commission is signaling that it can retaliate, but leaders such as the Chancellor of Germany are urging the Commission to take a common position. Emergency meetings are an indication of the possible renegotiations or suspensions.
Why Did Gold Prices Surge as Stock Market Slip
Gold shot up as a safe haven, as spot prices rose by approximately 2%. to about five thousand two hundred in the face of inflation bets through tariffs. Futures surged up almost 3% to fresh highs after three weeks. Shareholders scuttled stocks to gold, which seemed to them as an insurance policy against policy risk.
Why is Bitcoin Falling Today?
Bitcoin dropped by more than 2% to approximately 65,771, falling below 65,000 in between the day but recovered. Being a risky asset, it was affected by the liquidity crunches and low risk-appetite. Cryptos and indexes Ether (-2.59%) and crypto indexes, abdicated safety.
What is Happening with Oil & Commodities Market?
Oil crept up on USIran risks even with trade fear dampening demand perspectives. WTI +0.77%, Brent +0.71%; silver exploded 6%. The commodity picture is uneven: energy is resilient, metals indicated inflation panic.
What Happens Next: 3 Key Developments to Watch
- 150-day tariff timer ticking toward late July and forcing Congressional showdown.
- EU-US trade talks: Deal could spark rebound and breakdown worsens sell-off.
- Inflation prints: Tariff-fueled CPI uptick may delay Fed cuts and pressuring stocks.
Top Gainers Today
- Walmart (WMT): $125.86 (+2.87, +2.33%)Â
- Verizon (VZ): $50.39 (+1.14, +2.31%)Â
- P&G (PG): $163.91 (+3.13, +1.95%)Â
- J&J (JNJ): $246.45 (+3.96, +1.63%)
- McDonald’s (MCD): $332.89 (+3.66, +1.11%)Â
Top Losers Today
- American Express (AXP): $319.10 (-27.08, -7.82%)Â
- Nike (NKE): $62.30 (-3.10, -4.74%)Â
- JPMorgan Chase (JPM): $297.32 (-13.47, -4.33%)Â
- IBM (IBM): $246.94 (-10.22, -3.97%)Â
- Goldman Sachs (GS): $887.12 (-35.12, -3.81%)Â
FAQ’s: US Stock Market Today
Why did Trump hike tariffs to 15%?
Supreme Court struck down reciprocal tariffs, prompting use of Section 122 for 150-day global levy to counter “rip-offs.” Effective immediately per Truth Social.
How did gold react to the crash?
Spot gold rose 2% to $5,204 as safe-haven demand surged on inflation fears from higher import costs. Futures gained nearly 3%.
Is Bitcoin a safe haven now?
No, It fell 2.65% to $65,771, behaving like a risk asset amid uncertainty and liquidity flight. Dipped below $65k intraday.
What’s Europe’s response?
EU warns deals at risk, calls it “chaos,” plans retaliation and suspensions until US clarifies. Emergency talks underway.
When do tariffs expire?
150 days under Section 122 around late July 2026 and then Congress decides extension, fueling volatility buildup.
Is the US Stock Market Down Today?
Yes, major indexes including the Dow Jones, S&P 500 and Nasdaq are trading lower, pressured by tariff concerns and broader market uncertainty.
Is a US Stock Market Crash Coming?
There is no official confirmation of a crash. Markets are volatile due to economic and policy concerns, but short-term swings do not automatically signal a full-scale market crash.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. The Sunday Guardian suggests that readers consult with a certified financial advisor before making any investment or money-related decisions. The stock market involves significant risk.
