Key Facts
• July 11: U.S. stock market closed lower due to rising trade policy uncertainty.
• President Trump announced 35% tariffs on Canada and 50% on Brazil this week.
• EU expected to receive new tariff notifications, but no public announcement yet.
• Dow Jones Industrial Average fell 279 points (-0.63%) to 44,371.
• Nasdaq Composite dropped 45.1 points (-0.22%) to 20,585.
• S&P 500 declined 20.7 points (-0.33%) to 6,259.
• Meta Platforms fell 1.3% due to potential EU antitrust fines.
• Nvidia rose 0.5%, reaching a record market cap of $4.02 trillion.
• Kraft Heinz gained 2.5% on reports of company split preparations.
• Levi Strauss surged 11% after exceeding quarterly earnings expectations.
• Market decliners outnumbered advancers by a 2.8-to-1 ratio.
• Total trading volume: 15.4 billion shares, below the 20-day average of 18.3 billion.
Summary
The U.S. stock market ended lower on July 11, driven by heightened uncertainty surrounding President Trump’s new tariff measures. Announcements of 35% tariffs on Canada and 50% on Brazil, along with anticipated EU tariff notifications, weighed on investor sentiment. Major indices, including the Dow Jones (-0.63%), Nasdaq (-0.22%), and S&P 500 (-0.33%), all declined. Key stocks saw mixed performance: Meta Platforms dropped 1.3% amid EU antitrust concerns, while Nvidia hit a record market cap of $4.02 trillion with a 0.5% gain. Kraft Heinz rose 2.5% on company split rumors, and Levi Strauss surged 11% after strong earnings. Decliners outpaced advancers by 2.8-to-1, with trading volume below the 20-day average. Investors now await next week’s corporate earnings reports to assess the impact of shifting trade policies.
