Nasdaq leads the stock market as Nvidia wins race to $4T in valuation
2025-07-09 17:53:20
Main Idea
Nasdaq led stock market gains as Nvidia became the first company to reach a $4 trillion valuation, while concerns over U.S. trade policy tempered the broader tech rally.
Key Points
1. Nvidia's stock rose 2%, propelling it past Microsoft and Apple to become the first company with a $4 trillion valuation.
2. The Nasdaq Composite led gains with a 0.65% increase, while the S&P 500 rose 0.36% and the Dow Jones Industrial Average climbed 0.31%.
3. President Donald Trump issued new tariff threats against several U.S. trade partners, including the Philippines, Iraq, Moldova, and Algeria, with proposed tariffs ranging from 20% to 30%.
4. The tariffs, set to begin on August 1, could have significant short-term impacts on global growth and trade relations.
5. Market participants are assessing the potential effects of these aggressive trade policies on the broader economy.
Description
Nasdaq leads stock market gains as Nvidia becomes the first ever company to reach a $4 trillion valuation. Major U.S. stock indices rose on Wednesday, July 9, as tech stocks offset macroeconomic uncertainty stemming from new tariff threats. The Dow Jones Industrial Average climbed 136.07 points, or 0.31%, while the S&P 500 added 0.36%. The tech-heavy Nasdaq Composite led the gains with a 0.65% increase. Nvidia was among the top-performing large-cap stocks, rising 2% during the session. The rally...
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