US stocks closed mostly higher on Thursday (July 10th) as investors shrugged off President Trump's latest tariff threats and focused on strong corporate performance and record-breaking profits.
The S&P 500 rose nearly 0.3%, hitting a new record, the Dow Jones Industrial Average gained 192 points, while the Nasdaq 100 fell about 0.2%. Despite Trump's announcement of a 50% tariff on Brazilian imports and confirmation of similar duties on copper and other goods starting August 1st, the market remained optimistic. Nvidia shares (0.7%) continued to rally after becoming the first public company to surpass a $4 trillion valuation, fueling further enthusiasm for AI-based technology.
Tesla rose 4.7% on news of its robotaxi expansion and the upcoming launch of its Grok xAI chatbot in its vehicles. Delta Air Lines jumped 12% after reaffirming its full-year earnings forecast, citing increased visibility surrounding the trade deal, while peers United and American Airlines also gained. Weekly jobless claims fell to 227,000, signaling a stable but cooling labor market. (alg)
Source: Trading Economics
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