Stocks Tumble as Tariffs and Inflation Loom Large

Hold onto your wallets, folks! U.S. stocks kicked off the day in the red as traders nervously eyed upcoming inflation reports and chewed over President Trump's latest tariff threats. It's like watching a high-stakes poker game with global economies as the chips!

The Dow Jones, fresh off last week's winning streak, took a 100-point nosedive today. Early trading saw it tumbling down, echoing the unease stirred up by Trump's renewed tariff talk. The S&P 500 and Nasdaq weren't spared either, both sliding lower as Monday kicked off.

Meanwhile, U.S. Treasury yields were playing it cool, barely moving. The 10-year yield chilled around 4.43%, and the 2-year yield danced around 3.89%. Talk about staying calm in the storm!

But get this—Bitcoin? Yeah, it's doing its own thing, totally ignoring the stock market blues.

After smashing through one record after another, this digital beast just hit $120,000 for the first time ever! And it didn't stop there—Bulls are charging hard, pushing Bitcoin to new heights above $122,000 early Monday. It's like watching a rocket take off!

Dow slips – why stocks are down today

Wall Street's been on a wild ride these past months, with the big indices touching the sky before dipping back down. But this week? It's been a rollercoaster. The S&P 500 was teetering around 6,280 on this gloomy Monday, July 14.

The Dow and Nasdaq are also hanging on by their fingertips, feeling the pinch from rising trade tensions. Trump threw everyone a curveball over the weekend, announcing a 30% duty on goods from the EU and Mexico. Surprise!

And if that wasn't enough, he'd already hit Brazil and Canada with tariffs, set to kick in on August 1, 2025. Investors are feeling cautiously optimistic, but all eyes are on these escalating trade wars.

Oh, and don't forget the looming U.S. inflation data for June 2025. It's coming this week, and everyone's on the edge of their seat waiting for the Consumer Price Index report. Why? Because it's all about the Fed's next move on rates. Buckle up, it's going to be a wild ride!