Stock market soars as Nvidia Hits $4 Trillion Milestone
On Wednesday, July 9, the U.S. stock market saw a boost, with the Nasdaq leading the charge. The tech-heavy index rose by 0.65%, outpacing the Dow Jones and S&P 500. This surge was largely due to Nvidia’s remarkable performance, which climbed 2%, pushing its market value to $4 trillion. This makes Nvidia the first company ever to achieve this valuation.
Nvidia’s success is tied to its role in powering advanced AI models.Though, the tech rally faced a challenge from President Trump’s new tariff threats against countries like the Philippines and Iraq.These tariffs, ranging from 20% to 30%, could impact global growth if implemented.
Despite the tech sector’s gains, concerns over U.S. trade policy linger. Trump’s tariff threats to 20 countries, including the Philippines and Iraq, have raised eyebrows. The tariffs,set to take effect on August 1,could affect global growth and inflation. The market is now debating whether these tariffs are a negotiation tactic or a policy shift. The tariffs were initially set for july 9 but were pushed to August 1.
While Nvidia’s achievement is a milestone, the broader tech sector faces uncertainty. The proposed tariffs could disrupt global markets. Investors are watching closely to see if these measures are a negotiation tactic or a policy shift.
For more details, check out the Nasdaq 100 heatmap and yahoo Finance for updates on the 20 countries affected.
