Dow Rebounds After 2 Days of Losses, Nvidia Leads Gain as It Nears $4 Trillion Market Value

Tiger Newspress07-09

Stocks rose slightly Wednesday as investors monitor the latest tariff updates from President Donald Trump.

On Tuesday, Trump said in a Truth Social post that there would be no change or extensions on the raft of duties he announced on those nations, which include Japan and South Korea. The new tariff rates range from 25% to 40% and are set to begin on Aug. 1.

Trump on Tuesday also announced a 50% levy on copper imports and hinted that further sector-specific tariffs will soon be announced. He threatened Tuesday afternoon to impose up to 200% tariffs on pharmaceuticals imported into the U.S., but said that he will “give people about a year, year and a half” until the duties go into effect.

“The tariff announcement was a reminder that markets are not out of the woods. The White House has not really achieved their goals on trade, and that could be a continued source of volatility,” said Scott Helfstein, Global X head of investment strategy.

In addition to watching further tariff policy developments on Wednesday, traders will be monitoring the release of the Federal Open Market Committee’s minutes from its last meeting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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