On July 9, U.S. stock indices showed gains, driven by technological company successes. Amidst this, Nvidia achieved a new milestone in market capitalization.
Stock Market Gains
U.S. stock indices, including the Dow Jones and S&P 500, demonstrated positive momentum on July 9. The Dow Jones rose by 136.07 points (0.31%), while the S&P 500 added 0.36%. The tech-focused Nasdaq Composite led with a 0.65% increase.
Nvidia's Historic Achievement
Nvidia shares, one of the leaders in the tech sector, rose by 2% on that day. This increase allowed Nvidia to surpass Microsoft and Apple in market capitalization, making it the first company in history to reach a market cap of $4 trillion. This success was fueled by Nvidia's key role in providing hardware for advanced artificial intelligence models.
U.S. Trade Policy and Tariffs
Despite the overall market growth, investors are concerned about a new wave of tariffs announced by President Donald Trump. During the week beginning July 7, 20 countries, including the Philippines and Moldova, received warnings about tariffs ranging from 20% to 30%. The proposed tariffs are set to take effect on August 1 unless bilateral trade agreements are reached by then.
Thus, despite the positive performance of the Nasdaq and Nvidia's historic achievement, the external factor of potential tariffs poses risks to the market.
