Stocks Slide on Trump's Tariff Threats, Bond Yields Rise

Stock indexes are down today as President Trump escalates tariff threats. S&P 500 is -0.57%, Dow Jones -0.65%, Nasdaq 100 -0.51%. Trump plans 35% tariff on some Canadian products by August 1. Bond yields rise on inflation concerns, with 10-year T-note yield up +4.40%. Bitcoin hits new high, up +3%.

Trump’s tariff threats continue to weigh on stocks, with plans for blanket tariffs of 15% or 20% on most US trade partners. Earnings season begins next week, with S&P 500 expected to post a +2.8% rise in Q2 earnings, the smallest in two years. Federal funds futures price in 7% chance of rate cut at FOMC meeting.

Overseas markets mixed, Euro Stoxx 50 down -0.91%, Shanghai Composite at 9-month high. 10-year T-note yield up +4.8 bp. ECB official says rate cut unlikely. UK’s manufacturing production fell -1.0% m/m. Chip makers slide, Intel down -2%. Cryptocurrency stocks rise with Bitcoin’s new high. Levis reports strong Q2 revenue, raises guidance. Medtronic up on potential national coverage for hypertension treatment.

Earnings reports for HIFS, LZM, PACS, SMID, UNTY on 7/11/2025. Author did not have positions in mentioned securities. News and data for informational purposes only. Views expressed are author’s own and do not reflect Nasdaq, Inc.

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