based on materials from the site - By crypto.news

The main U.S. stock indices demonstrated mixed dynamics, despite the recent tariffs imposed by Trump, but traders continue to pay attention to China.

Stocks showed mixed dynamics as trading news coincided with a rise in the key inflation indicator. On Tuesday, July 15, the Dow Jones index fell by 320 points, or 0.72%, while the S&P 500 index decreased by 0.13%. Meanwhile, the technology index NASDAQ Composite rose by 100 points, or 0.53%, as strong Nvidia performance boosted technology stocks.

Traders focused on the latest U.S. tariff increase, while the June consumer inflation report showed the first signs of inflation caused by the tariffs. The Consumer Price Index rose by 2.7% year-over-year and by 0.3% month-over-month. Both figures reflect accelerated inflation likely caused by U.S. tariffs on major trading partners.
However, the latest round of tariff increases did not provoke the same negative market reaction as in April. One reason may be skepticism regarding whether Trump will continue his punitive measures. However, a significant factor in this market reaction may be related to China.

China is the largest trading partner of the U.S., a key supplier of resources for high-yield sectors of the U.S. industry, and a major market for their products. This is especially relevant for the American technology sector, particularly for Nvidia.

Positive trends in trade contributed to Nvidia's growth: its shares rose by 4% and approached record levels again. The price increase came after the chipmaker announced the possibility of freely selling its H20 graphics processors in China. These advanced AI-based chips were previously subject to a U.S. ban that cost the company billions of dollars. If the U.S. reduces the escalation of the trade war with China, markets may be able to ignore the impact of tariffs on less significant trading partners. However, the impact on inflation and economic growth may remain significant.


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