Trump threatens new tariffs, causing market jitters and uncertainty, leading to a major market drop

New Trump Tariff Threats Shake Out Record Highs
President Trump threatens new tariffs on South Korea, Japan, South Africa, and Malaysia if new trade deals are not established. A potential +25-40% tariff could be imposed, causing market jitters and uncertainty. The Dow closed -422 points, Nasdaq -188 points, and the S&P 500 -49 points due to the news.

Amazon Prime Day Expands, Starts Tuesday
Amazon’s Prime Day, now four days long, is set to begin with over $21 billion in estimated sales. The event includes discounts across 35 categories and introduces “Today’s Big Deals.” Amazon shares are near all-time highs, with Q2 estimates predicting +7.3% earnings growth and +9.5% revenue growth, continuing a string of earnings beats.

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Read more at Nasdaq: New Tariff Threats Give Market Indexes a Haircut