Overview
The uncertainty surrounding Trump administration's tariff policies was a major factor in the market's downturn. This, coupled with rising bond yields, has cooled investor sentiment. Particularly, judicial rulings on tariffs have sparked significant market shifts.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
President Trump attributed the market's decline to the necessity of tariffs and announced plans to seek a swift reversal from the Supreme Court. Technology stocks were broadly weak, with MBC experiencing its longest decline since March. However, post-market trading saw Google shares surge following a federal judge's decision that there is no obligation to sell Chrome.
Tomorrow's Economic Indicators
| Time | Indicator |
|---|---|
| 20:00 | U.S. MBA Mortgage Applications |
| 23:00 | U.S. July JOLTS Job Openings |
| 23:00 | U.S. July Factory Orders |
| 23:00 | Federal Reserve Beige Book |
| 02:30 | Speech by Federal Reserve's Kashkari |
General Opinion
The market is expected to remain volatile as it seeks new momentum. Investors are closely watching the employment data scheduled for later this week, which will be crucial in guiding Federal Reserve's interest rate decisions.
