US Stock Market Live Updates – July 8, 2025
-
Wall Street Futures:
Dow futures recovered slightly after early losses, currently down ~110 points. S&P 500 and Nasdaq futures are down 15 and 25 points respectively. On Monday, the Dow closed over 400 points lower, after dropping more than 550 points earlier. -
Key Trigger – Tariffs:
President Donald Trump announced sweeping tariffs on 14 countries (including Japan, South Korea, Myanmar, and Bangladesh). The tariffs are delayed until August 1, giving room for negotiations. The uncertainty weighed on equities but boosted the US dollar. -
Commodities & Currencies:
-
Oil: Prices rose despite an output hike, supported by Middle East tensions and Red Sea hostilities. Brent hovers near $69/barrel; WTI below $68.
-
Gold: Steady around $3,335/oz, after haven demand offset a stronger dollar.
-
Dollar: Strengthened sharply, gaining 0.5% against peers; emerging market currencies (won, baht, rand) rebounded later as Trump signaled willingness to negotiate.
-
-
Asian Markets:
Mostly higher on cautious optimism about trade deals before the August deadline.-
Japan’s Nikkei +0.36%, Topix +0.31%.
-
Korea’s Kospi +0.44%, Kosdaq +0.19%.
-
Hang Seng futures slightly weaker.
-
-
Corporate Highlights:
-
Tesla: Shares fell 7% Monday after Elon Musk announced the launch of the America Party.
-
Samsung: Forecasts Q2 profit to plunge 56% as AI competition from Nvidia bites.
-
Huayou Cobalt: Chinese firm expects record half-year profits, boosted by nickel and cobalt demand.
-
-
Investor Sentiment:
Uncertainty over US trade policy and Middle East tensions continue to weigh on risk appetite, though markets are hopeful that negotiations before August 1 could reduce the impact.
