| Name | Price | Change | % Chg |
|---|---|---|---|
| Dow | 44,459.65 | 88.14 | 0.20% |
| S&P 500 | 6,268.56 | 8.81 | 0.14% |
| Nasdaq | 20,640.33 | 54.8 | 0.27% |
| VIX | 17.2 | 0.8 | 4.88% |
| Gold | 3,354.30 | -4.8 | -0.14% |
| Oil | 66.95 | -0.03 | -0.04% |
OVERVIEW OF THE US MARKET
US stocks edged higher on Monday, July 14, 2025, as investors shrugged off President Donald Trump’s weekend announcement of 30% tariffs on goods from the European Union and Mexico, set to take effect August 1, amid anticipation of Tuesday’s June CPI data and the start of Q2 earnings season. Treasury yields ticked up slightly, while the dollar gained ground. Oil prices held steady, reflecting a cautious market stance.
The S&P 500 rose 0.14% to 6,268.56, and the Nasdaq Composite climbed 0.27% to 20,640.33, both showing resilience despite tariff concerns. Tech stocks faced pressure, with the Information Technology sector slipping 0.25%, while Financials (+0.67%) and Communication Services (+0.73%) led gains. Nvidia (NVDA) saw high volume at 136.8 million shares but dipped 0.52% to $164.07, losing ground amid tariff-related uncertainty. Meanwhile, NIO Inc. (NIO) surged 6.92% to $4.17, and BigBear.ai (BBAI) jumped 7.45% to $6.92, reflecting strong interest in select growth stocks.
Traders are closely watching Tuesday’s US CPI release, expected to show a year-over-year rate of 2.7%, up from May’s 2.4%, which could influence Federal Reserve rate cut expectations. The tariff threat looms large, with markets betting on potential negotiations before the August 1 deadline. Bank earnings from JPMorgan, Wells Fargo, and Citigroup, also due Tuesday, will provide further insight into economic health and tariff impacts on corporate profits.
OVERVIEW OF THE AUSTRALIAN MARKET
The ASX 200 closed modestly lower on Monday, July 14, 2025, down 0.11% to 8,570.4, tracking a weaker lead from US futures and digesting Trump’s latest tariff announcement. The Australian dollar weakened 0.23% to 0.6562 against the USD, reflecting tariff-related jitters. Despite the dip, the market showed resilience, with small-cap stocks gaining 0.50% and emerging companies up 1.23%.
Materials (+0.53%) and Energy (+0.54%) sectors outperformed, buoyed by strong mining stocks. BHP rose 0.9%, and Rio Tinto gained 0.6%, supported by iron ore prices nearing $100/tonne. Uranium miners like Deep Yellow (+4%) and Paladin (+2.9%) led Energy gains, while gold miners Northern Star (+1.7%) and Evolution (+1.9%) benefited from bullion near $3,373/ounce. Silver stocks soared, with Unico Silver (+27%) and Silver Mines (+20%) riding a 14-year high above $38/ounce. Conversely, Industrials (-0.57%) and Consumer Discretionary (-0.48%) lagged, and tech stocks slipped, with Zip (-2.8%) and Appen (-3.2%) retreating amid risk-off sentiment.
Markets are bracing for Tuesday’s US CPI data and bank earnings, which could sway global sentiment. Locally, the RBA’s next move remains in focus, with recent CPI trends suggesting potential rate cut discussions, though tariff impacts could complicate the outlook.