View of the New York Stock Exchange Trade by Lev Radin via Shutterstock
The S&P 500 index ($ SPX) (SPY) is now down -0.35%, the Dow Jones Industrials index ($ DOWI) (DIA) is down -0.61%and the NASDAQ 100 ($ IUXX) ($ $) index is down -0.15%. September, future S&P E -min (ESU25) are down -0.37% and the future of September e -min Nasdaq (NQU25) are down -0.16%.
The stock market indexes are withdrawn today on the climbing of trade tensions while President Trump increases his threats to impose higher prices, triggering a risk environment on the asset markets. Late Thursday, President Trump said that a 35% rate on certain Canadian products would take effect on August 1, against the current 25%. The new Canadian prices would not apply to negotiated goods in the rules of the United States-Mexico-Canada trade agreement, and a decrease of 10% would be maintained on certain energy-related imports. He also declared that he planned to impose general prices of 15% or 20% on most American business partners.
Higher bond yields also weigh on shares today, the 10 -year -old yields up +5 bp to 4.40%. Bond yields are climbing today by fearing that President Trump’s threats to impose higher prices in Canada and other American business partners will lead to higher American inflation that could prevent Fed from reducing interest rates.
The price of Bitcoin (^ BTSUSD) is up more than 3% today to a new record. Bitcoin joined more than 9% this week after the US Financial Services Committee announced Tuesday that the week of July 14 will be the “crypto week”. The US Committee on Tracks and Means provided for a surveillance subcommittee audience on July 16 entitled “Make America the Cryptographic World Capital”, which could lead to regulations more suited to crypto.
Actions continue to see the downward pressure while President Trump promised to advance his aggressive tariff scheme, stressing that he would not offer additional extensions on the prices specific to the country which should take effect on August 1. Earlier this week, Trump imposed a 50% rate on copper imports which will include semi-finished goods, and said that companies could cope with a 200% following year on imports if they do not reflect production for the United States. In addition, despite the fact that the United States was close to a trade agreement with India, Mr. Trump said that he would still impose a 10% tariff on India’s goods for their participation in the BRICS, a group of developing countries which, according to him, have been “set up to injure” the United States.
Another obstacle for actions is the next season of results, which is starting seriously next week. Bloomberg Intelligence’s data show that the consensus for T2 benefits from S&P 500 companies is for a + 2.8% increase from one year to the next, the smallest increase in two years. In addition, only six of the eleven S&P 500 sectors should display an increase in income, the least since the first quarter of 2023, according to Yardeni’s search.
Federal fund prices reduce the chances of 7% for a drop in the rate of -25 bp at the FOMC meeting from July 29 to 30.
Stock markets abroad are now mixed. The Euro Stoxx 50 is down -1.06%. The composite of Shanghai in China climbed at a 9 -month summit and closed by + 0.01%. The Nikkei stock of Japan 225 fell to a 1 -week hollow and closed by -0.19%.
Interest rate
The notes T of September 10 (ZNU25) are today down -13 ticks. The 10-year T-Note yield increased by +5.2 pb to 4.401%. The prices of notes are slipping today while the threats of President Trump to impose higher rates in Canada and other American trade partners have fueled a higher American inflation that could prevent the Fed from reducing interest rates. In addition, the negative postponement of today’s diving in the 10-year-old German bunds to a hollow of 3-1 / 4 months weighs on T-notes.
Bond yields of the European Government are increasing today. The 10-year-old German Bund yield reached a 3-1 / 4 month summit of 2.734% and is up +2.1 pb to 2.726%. The golden yield at 10 years in the United Kingdom is up +3.0 bp to 4.626%.
May production production in the United Kingdom has dropped -1.0% m / m, lower than expectations of -0.1% m / m and the greatest drop in 10 months.
Isabel Schnabel, a member of the BCE board of directors, said: “The bar of another drop in interest rates of the ECB is very high, and there would be only one case for another drop in rate if we saw signs of material deviation from inflation compared to our medium -term objective. And for the moment, I do not see any sign of this. ”
Exchanges reduce the chances of 2% for a drop in the rate of -25 pb by the ECB at the political meeting of July 24.
US Stock Movers
The actions of airlines are moving lower today, restoring some of the Thursday’s net gains that were motivated by Delta positive news. United Airlines Holdings (UAL) is down more than -4% to direct the losers of the S&P 500. In addition, the American Airlines (AAL) group is down by more than -3%. In addition, Delta Air Lines (DAL) and Alaska Air Group (ALK) are down by more than -2%.
Capricor Therapeutics (CAPR) is down more than -28% after the FDA refused to approve the business treatment candidate aimed at treating a heart muscle disease associated with Duchenne muscle dystrophy.
CIVISTA BANCSHARES (CIVB) is down more than -12% after announcing the price of a public offer subscribed by 3.29 million ordinary shares at a price of $ 21.25 per share, below the closing price of $ 24.82 of Thursday.
Oscar Health (OSCR) is down more than -4% after Wells Fargo Securities lowered the action to weight insufficiency to an equal weight with a price target of $ 10.
Albemarle (ALB) is down more than -3% after UBS lowered the action to sell neutral with a price target of $ 57.
Washington International Expeditors (Expd) is down more than -2% after the world research of Bank of America lowered the stock to underperform.
Northern Trust Corp (NTRS) is down more than -1% after Keefe, Buryette and Woods lowered the stock to underperform the market with a price target of $ 120.
Drone -related companies are climbing today after the US Defense Secretary Pete Hegseth has made the order to strengthen the production and deployment of drones. Red Cat Holdings (RCAT) is up more than 19%, and Aerovironment (AVAV) and Kratos Defense & Security Solutions (KTOS) increased by more than 7%.
Actions exposed to cryptocurrency are higher because the price of Bitcoin (^ BTCUSD) has increased by more than 3% for a new record. Microstrategia (MSTR) is up more than + 3% to direct the winners of the Nasdaq 100. In addition, the Mara Holdings (Mara) and Riot (Riot) platforms increased by more than 2%.
Levy Strauss & Co (Levi) is up more than 10% after having declared a net turnover of the second quarter of $ 1.45 billion, stronger than the consensus of $ 1.37 billion and increasing advice on its annual net income to an increase of 1% to an increase of 1% to + 2% compared to a previous forecast of -1%.
Performance Food Group (PFGC) is increasing by more than 4% on the reports that the company has aroused the interest in taking control of the US Foods Holding Corp.
Visteon Corp (VC) is up more than + 2% after Goldman Sachs improved the action to buy neutral with a price target of $ 120.
NVIDIA (NVDA) is up more than 1% to a record to direct the winners of the Dow Jones Industrials after CEO Huang met President Trump to the White House, before Huang’s trip to China.
Profits reports (7/11/2025)
Hingham Institution for Saving (HIFS), Lifezone Metals LTD (LZM), PACS Group Inc (PACS), Smith-Midland Corp (Smid), Unity Bancorp Inc (Unty).
On the date of publication, Rich Asplund did not (directly or indirectly) have positions in any of the titles mentioned in this article. All information and data of this article are only for information purposes. This article was initially published on Barchart.com
