U.S. stock markets opened lower as investors react to macroeconomic conditions, particularly upcoming inflation data and tariff threats.
Market Decline
U.S. stock indices opened lower on Monday, with the Dow Jones Industrial Average declining by 100 points after a week of strong gains, while the S&P 500 and Nasdaq Composite also opened lower.
Tariff Threats and Their Impact
Recent tariff threats from President Trump regarding goods from the European Union and Mexico are negatively influencing the market. The president announced a surprise 30% tariff set to take effect on August 1, 2025.
Cryptocurrency Situation
While stock assets are in decline, Bitcoin has shown remarkable growth, surpassing the $120,000 mark for the first time and continuing to rally above $122,000.
The decline in the stock market amid tariff threats and inflation data expectations creates uncertainty for investors, while the cryptocurrency market continues its bullish trend.
