Stock market indices are seeing moderate declines on Monday, as President Donald Trump announced that the United States will impose 30 percent tariffs on goods from the European Union and Mexico starting August 1. At the time of this writing, the Nasdaq cash market index is losing 0.1%, the S&P500 is losing 0.15% and the Russell 2000 is up nearly 0.20%.
Investors are estimating all the time the possibility of a deal on tariffs. It is worth noting that behind the indication that this is just a negotiating game are the words of Trump, who writes in a letter to the EU: "If you want to open your previously closed trade markets to the US and eliminate your tariffs and non-tariff barriers, we will consider adjusting your rates." In addition, it is worth noting that the Trump administration has repeatedly changed its position - in May it threatened 50% tariffs, and in April reciprocal tariffs were to be 20%. More recently, there has been discussion of maintaining a broad 10% rate.
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US100 (D1 Interval)
The Nasdaq-100 index, represented by the US100 contract is trading nearly 0.1% lower today compared to Monday's close. The index continues to maintain a dynamic uptrend all the time, illustrated by the exponential moving averages (50-, 100- and 200-day EMAs, respectively). Moreover, the Bollinger bands show that the US100 is currently holding within the structure of the instrument's statistical movement ranges for the last 14 sessions. From a technical perspective, the 22,500-point zone remains an important price support, while resistance is the historical peak near 23,000 points.
Source: xStation 5
News from companies:
- Boeing (BA.US) shares rebounded 1.1% as the company announced that the recent crash of Air India Flight 171, involving a Boeing 787-8, was attributed to a fuel switch failure, not design or manufacturing defects, and investigators recommended no action for Boeing.
- MicroStrategy (MSTR.US) shares rose 3.1%, continuing their rise as the company resumed major bitcoin purchases, adding more than 4,200 bitcoins over the past week. The company now holds more than 600,000 bitcoin, worth more than $73 billion, and its shares are up 56% at 2025, significantly outperforming the S&P 500 index.
- Rivian (RIVN.US) shares fell 2.3% after Guggenheim downgraded the stock to neutral from buy, citing weaker-than-expected R1 sales and reduced expectations for future R2 and R3 models. The downgrade reflects concerns about Rivian's long-term growth trajectory in the face of increasing competition and lower demand for electric vehicles. The company faces pressure to improve sales and execution to regain investor confidence.
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