U.S. markets closed lower today Tesla (TSLA) down 7%

Trade tensions hit stocks as all major indexes finished in the red.

🔻 Key Closing Stats:

• Dow Jones: −422 points (−0.94%)
• S&P 500: −39 points (−0.79%)
• Nasdaq Composite: −174 points (−0.92%)

📰 What Moved the Market:

• New Tariffs Announced: President Trump imposed 25% tariffs on imports from Japan and South Korea, effective August 1. This sparked concerns about escalating trade friction.
• Broad-Based Selling: All 11 S&P sectors declined, with consumer discretionary and energy leading losses.
• Tesla Tumbles ~7%: Shares fell sharply after Elon Musk revealed plans to start a political party, further straining relations with the Trump administration.

🧠 Takeaway:

The market’s pullback reflects growing investor anxiety over trade policy just as earnings season nears. Despite recent highs, geopolitical risk is reemerging as a dominant theme — especially with more potential tariffs looming later this week.