On Wednesday, July 9, 2025, U.S. stock markets closed higher as major tech stocks led the gains amid ongoing tariff-related headlines. Nvidia briefly surpassed a $4 trillion market cap, leading the rally, while Bitcoin surged past $12,000 for the first time, signaling a rise in risk appetite. Despite concerns over new tariffs announced by former President Trump, investor sentiment remained resilient on hopes of a Fed rate cut later this year.
Overview
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Date: Wednesday, July 9, 2025
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Market Close: Major indices ended higher
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Leading Sectors: Tech stocks, aviation, crypto assets
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Key Themes:
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Nvidia hits $4 trillion in market cap
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Trump announces new tariffs on six countries
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Bitcoin breaks $12,000
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FOMC minutes highlight inflation concerns and rate cut expectations
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| NasDaq | S&P 500 |
| Dow Jones | Won/Dollar |
Key News
1. Tech stocks dominate the session
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Nvidia briefly surpassed $4 trillion in market value, leading the tech rally.
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Microsoft rose on optimism around AI and ARM-based infrastructure growth.
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Boeing gained as aircraft deliveries increased 27% year-over-year.
2. Fed’s rate cut narrative gains traction
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The FOMC minutes showed:
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Most members agree a rate cut later this year is appropriate.
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Some believe tariff impact on inflation is transitory,
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Others warn of prolonged inflationary pressures due to tariffs.
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3. Tariff risk intensifies
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Former President Trump unveiled new tariffs on six countries including the Philippines and Iraq.
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A 50% tariff was slapped on Brazilian sweet corn exports late in the session.
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Markets showed signs of concern, though overall sentiment held firm.
4. Risk-on sentiment spreads
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S&P 500 approached record highs.
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Bitcoin topped $12,000 for the first time.
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Investors increasingly favored risk assets amid a dovish rate outlook.
|
Time (KST) |
Event |
Description |
|---|---|---|
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20:30 |
U.S. Weekly Jobless Claims |
Labor market indicator |
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23:30 |
U.S. EIA Natural Gas Inventory |
Energy supply and demand insight |
|
TBD |
U.S. 30-Year Bond Auction |
Long-term interest rate and demand monitor |
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20:20 |
Fed’s Susan Collins Speech |
Outlook on monetary policy |
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23:30 |
Fed’s Mary Daly Speech |
Comments on inflation and employment |
Analyst Commentary
I believe the strong showing in the U.S. market was fueled by impressive tech sector performance and growing anticipation of a Fed rate cut. Nvidia’s valuation milestone and Bitcoin’s breakout indicate strong risk-on sentiment. However, the uncertainty created by Trump’s new tariff proposals continues to pose downside risks. The Fed minutes also revealed a divided view on inflation impacts, suggesting potential volatility in policy direction. Despite this, most Fed officials appear comfortable with a patient, wait-and-see stance, reinforcing investor confidence for now.
