📊 Market Update – July 9, 2025
Highlights:
• U.S. futures slightly up as markets await clarity on new U.S. tariffs.
• $DOW fell 0.4%, $SPX dipped 0.1%, $NASDAQ inched up, $RUT rose 0.7%.
• Trump’s proposed tariffs on copper, semiconductors, and pharma added uncertainty.
• $DB (Deutsche Bank) warns of summer volatility due to low liquidity and trade risks.
Stock Moves:
• $NVDA nears $4T market cap, shares up ~40% in 3 months.
• $SBUX up 2% on $10B China buyout interest.
• $MRK buying $VRNA for $10B; $VRNA up 20%.
• $AES jumps 15% on sale rumors.
Macro:
• $BOE eases lending rules, warns of trade fragmentation.
• $BAC and $GS raise $SPX targets, expect modest year-end gains.
Takeaway:
Markets are flat but fragile. Keep an eye on tariff news and tech earnings.