Dow, Tesla and Trump
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Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.
Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs.
Uncertainty surrounding U.S. trade tariff policies are keeping investors cautious, whilst Tesla (NASDAQ: TSLA)
The S&P 500 and Nasdaq Composite pulled back from record levels as investors await President Trump’s new trade deals and tariff updates. Tesla shares sank after CEO Elon Musk jumps back into politics.
The benchmark S&P 500 index closed 0.8% lower, while the tech-heavy Nasdaq Composite and the Dow Jones Industrial Average each ... Robotaxi Drives Tesla Surge, Supermicro Stock Drops.
Wall Street stocks closed sharply lower on Monday as Trump issued tariff warnings to nearly 12 countries. The Dow Jones Industrial Average fell 422 points (0.9%), while the S&P 500 and Nasdaq each dropped 0.
Senate Majority Leader John Thune noted earlier he believes Republicans reached a deal to pass the package following days of negotiations. Also in focus, Fed Chair Jerome Powell told a panel at the European Central Bank’s (ECB) Forum that the U.S. would have cut interest rates already if tariffs hadn't come into play.