NASDAQ Closes Mixed Amid Trump Tariff Policy Uncertainty and Investor Caution
The NASDAQ Composite Index closed mixed on July 10th amid ongoing uncertainty surrounding President Trump's tariff policies, with investors maintaining a cautious stance as market volatility continues to reflect policy-driven concerns. Trump Tariff Policy Creates Market Turbulence President Donald Trump's announcement of imposing tariffs of up to 40% on 14 countries, including Japan and South Korea, has created significant volatility in U.S. equity markets. Technology stocks listed on NASDAQ are particularly vulnerable to these trade policy changes, given their global supply chain dependencies and export exposure. Citigroup strategists led by Chris Montagu warned that NASDAQ positioning has become excessively extended, increasing the risk of profit-taking activities. This warning comes at a time when valuation concerns for the tech-heavy index are already mounting. Mutual Tariff Extension Provides Limited Relief The Trump administration's decision to extend the ...