Dow Jones Holds Uptrend after GDP and Tariff Move, Next Week NVDA and Quantum Stock Earnings
Despite a volatile session characterized by poor GDP figures and new tariff news, the Dow Jones Industrial Average continued its wider...
Quick overview
- The Dow Jones Industrial Average continued its uptrend despite a turbulent session influenced by weak GDP data and new tariff announcements.
- U.S. GDP missed expectations, raising concerns about economic momentum, while firmer PCE inflation data complicates the Federal Reserve's policy decisions.
- President Trump announced 10% global tariffs under Section 122, creating uncertainty in trade and prompting a mixed market reaction.
- U.S. equities closed higher, led by the Nasdaq, but investors remain cautious due to ongoing geopolitical tensions and macroeconomic risks.
Live DOW Chart
Despite a volatile session characterized by poor GDP figures and new tariff news, the Dow Jones Industrial Average continued its wider upward trend.
GDP Miss and Inflation Complicate the Outlook
It was a headline-heavy session that began with a notable downside miss in U.S. GDP. The weaker growth print followed disappointing trade data a day earlier, reinforcing concerns that economic momentum is softening. Comments from President Trump highlighting the drag from the government shutdown added to the cautious tone.
However, the growth miss was paired with firmer PCE inflation data, creating a policy dilemma for the Federal Reserve. Slower growth would typically argue for easing, but sticky inflation limits flexibility. The U.S. dollar reacted in choppy fashion as traders weighed whether the Fed would remain on hold for longer.
Section 122 Tariffs Add Policy Uncertainty
Later in the day, President Trump announced the implementation of Section 122 global tariffs of 10%. The rarely used statute, limited to 150 days, opens the door to additional trade investigations that could extend over the next six months.
The initial market reaction saw the U.S. dollar sell off, as traders interpreted the move as potentially reopening debate around global trade flows and the dollar-based system. However, uncertainty remains high, and legal challenges to the measure are likely.
Fed officials offered mixed interpretations, with Dallas Fed’s Logan suggesting tariff removal would be dovish, though markets remain in wait-and-see mode.
Equities Climb, But Risks Linger
U.S. equities closed higher, led by the Nasdaq, signaling renewed appetite for growth stocks. The S&P 500 also advanced strongly, while the Dow posted more moderate gains but remains supported by its 50-day simple moving average on the daily chart, preserving its longer-term uptrend.
Dow Jones Chart Daily – The 50 SMA Keeping the Uptrend Persistent
Still, investors remain cautious. Beyond tariffs, geopolitical tensions with Iran are keeping a $6–7 risk premium embedded in oil prices. While equities showed resilience, macro and geopolitical crosscurrents continue to cloud the outlook.
📊 Closing Levels – Major U.S. Stock Indices
🇺🇸 Dow Jones Industrial Average
- Closed at 49,625.97 points
- Gained +186.39 points
- Up +0.38% on the session
- More modest advance compared to broader market benchmarks
- Indicates steady performance among large-cap industrial and blue-chip names
📈 S&P 500 Index
- Closed at 6,909.51 points
- Rose +75.24 points
- Advanced +1.10%
- Broad-based strength across multiple sectors
- Suggests improving investor sentiment beyond defensive positioning
💻 Nasdaq Composite
- Closed at 22,886.07 points
- Jumped +324.61 points
- Climbed +1.44%, outperforming other major indices
- Gains driven largely by technology and growth-oriented stocks
- Reflects renewed appetite for higher-beta names
Dow Jones Live Chart
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