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Live: Nvidia Hits $4 Trillion, Dow, S&P 500, Nasdaq Post Gains, Trump Issues Tariff Notices

Nvidia reaches a $4 trillion valuation, the highest ever recorded. Dow, S&P 500, and Nasdaq record modest gains. Trump sends new tariff notices to several countries with rates up to 30%. Follow live updates on markets and trade policy.

Jul 9, 2025 - 12:43
Jul 9, 2025 - 12:44
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Live: Nvidia Hits $4 Trillion, Dow, S&P 500, Nasdaq Post Gains, Trump Issues Tariff Notices
Live: Nvidia Hits $4 Trillion, Dow, S&P 500, Nasdaq Post Gains, Trump Issues Tariff Notices

US markets saw modest gains on Wednesday, led by strong performance in the technology sector, as Nvidia reached an unprecedented $4 trillion market value. At the same time, renewed tariff threats from former President Donald Trump kept investors on alert.

The Dow Jones rose slightly by 0.1%, the S&P 500 added 0.2%, and the Nasdaq posted a 0.5% gain, supported by continued demand for tech shares.

Nvidia took the spotlight, setting a new all-time high in valuation. The company became the first in history to briefly touch a $4 trillion market cap, driven by ongoing enthusiasm around artificial intelligence and chip development.

However, positive sentiment was met with growing concerns over trade policy. Trump released a new round of tariff notices aimed at countries including Iraq, Algeria, Libya, and the Philippines. These new rates, ranging from 20% to 30%, follow previous warnings to other nations. Trump emphasized that all countries must finalize trade agreements by August 1 — a deadline he says will not be extended.

Also Read: Robinhood or SoFi: Which Fintech Stock Offers Greater Long-Term Value?

In commodities, copper prices cooled off after hitting record highs earlier in the week. Trump signaled a possible 50% tariff on copper imports and suggested steep tariffs of up to 200% on pharmaceutical products, raising concerns across global markets.

Investors are also awaiting more clarity from the Federal Reserve. Meeting minutes due later today could offer insights into where officials stand on interest rate policy. Although rates were left unchanged in June, markets are still expecting potential cuts before the end of the year.

Stay with us for ongoing live updates...

Key Moments

  • Nvidia hits $4T market value milestone.
  • Dow, S&P 500, Nasdaq post small gains.
  • Trump sends new tariff notices, up to 30%.
  • Fed minutes awaited for rate signals.

  • 09 Jul 2025 02:34 PM
    Uber Stock Surges Over 60% in 2025 Amid Growing Autonomous Vehicle Push

    Uber Technologies (UBER) has seen its shares jump more than 60% year-to-date, reaching a new all-time high as the company sharpens its focus on autonomous vehicle (AV) collaborations.

    With major players like Tesla, GM, and Amazon entering the self-driving taxi race, Uber is doubling down on strategic AV alliances rather than going it alone. The move reflects a broader effort to stay competitive in a fast-evolving market and reduce long-term costs tied to human drivers.


     

  • 09 Jul 2025 02:32 PM
    Few Fed Officials Back July Rate Cut, Minutes Reveal

    The Federal Reserve’s June meeting minutes, published Wednesday, show only a small group of policymakers supported a potential rate cut in July.

    According to the document, “a couple” of participants were open to lowering interest rates this month. However, the broader consensus suggested any rate adjustment would likely come later in the year, assuming inflationary pressures from recent tariffs remain limited and longer-term price expectations stay stable.

    Officials noted that any signs of economic slowdown or softness in the labor market could support a shift toward easing later in 2025.

    The Fed’s next policy decision is due this month, but current market expectations still lean toward a possible rate cut by September, despite continued pressure from President Trump for earlier action.


     

  • 09 Jul 2025 01:19 PM
    Markets Slip After Trump Targets Philippines, Six Others With Import Tariffs

    U.S. stocks gave up part of their earlier gains on Wednesday after former President Trump released a new set of tariff notices aimed at smaller trading partners.

    The Dow inched up 0.1%, the S&P 500 gained 0.3%, and the Nasdaq rose 0.7%, slowing from earlier momentum.

    New tariffs, ranging between 20% and 30%, were announced for imports from the Philippines, Libya, Algeria, Iraq, Sri Lanka, Moldova, and Brunei. The Philippines saw a revised increase from earlier expectations, with its rate now set at 20%.

    While the targeted countries are not among the U.S.’s top-tier trade partners by volume, the move signals a continued push toward broader tariff enforcement ahead of the August 1 implementation deadline.

     


     

    CountryNew Rate (July)Previously Proposed Rate (April 2)
    Philippines20%17%
    Brunei25%24%
    Moldova25%31%
    Japan25%24%
    South Korea25%25%
    Malaysia25%24%
    Kazakhstan25%27%
    Tunisia25%28%
    Iraq30%39%
    Libya30%31%
    Algeria30%30%
    South Africa30%30%
    Bosnia and Herzegovina30%35%
    Indonesia32%32%
    Serbia35%37%
    Bangladesh35%37%
    Thailand36%36%
    Cambodia36%49%
    Myanmar40%44%
    Laos40%48%
    Data Source: White House Communications, July 2025
    Tariff Changes Announced by Trump Administration
    Effective August 1 – Updates shared during the week of July 7

  • 09 Jul 2025 12:56 PM
    Apple COO Jeff Williams to Step Down, Sabih Khan Named Successor

    Apple announced that Chief Operating Officer Jeff Williams will exit his role this month and retire later this year. Sabih Khan, a longtime executive who currently oversees global operations, will take over as COO.

     

    Khan, who joined Apple’s leadership team in 2019, will continue reporting to CEO Tim Cook. His responsibilities are expected to expand as he steps into the role, potentially adding oversight of AppleCare.

     

    The leadership change comes at a time when Apple is facing pressure on multiple fronts — including rising trade-related costs, slowing iPhone sales, and increasing global scrutiny over its market power. Apple shares were flat in premarket trading.


     

  • 09 Jul 2025 12:55 PM
    Merck to Acquire Verona Pharma in $10B Deal, Shares Jump 20%

    Merck has reached a $10 billion agreement to acquire Verona Pharma, a UK-based company focused on lung treatments. The news sent Verona’s U.S.-listed shares up 20% in premarket trading.

    The acquisition strengthens Merck’s respiratory drug pipeline as it looks to expand beyond its cancer blockbuster, Keytruda.


     

  • 09 Jul 2025 12:52 PM
    Starbucks Stock Rises on Reports of Potential China Partnership

    Starbucks shares rose up to 2% early Wednesday following reports the company is exploring partnership options for its China business. According to CNBC, offers have come from firms like Centurium Capital, Hillhouse Capital, and Carlyle Group.

    The coffee chain is aiming to keep a significant stake while finding a partner that aligns with its long-term strategy in the region. Starbucks has faced strong competition from low-cost rival Luckin Coffee, which operates more than double the store count in China.

    Same-store sales in China had fallen sharply in late 2023 but have recently stabilized, helped by lower pricing and more demand for zero-sugar products. Analysts expect modest growth in the next quarter. Starbucks shares are up over 5% this year, slightly behind the S&P 500’s performance.


     


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