Dow, Tariff and Stock Market
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NVIDIA becomes 1st $4 trillion stock
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Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
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Investor's Business Daily on MSNStock Market Today: Dow Holds Gain As Trump Issues More Tariffs; Nvidia Hits $4 Trillion Mark (Live Coverage)The Dow Jones average remained higher Wednesday after the Fed's June minutes were released. Nvidia set a new high, and hit the $4 trillion mark in valuation.
Stock futures are pointing to a slightly higher open on Wednesday after a sluggish start to the week amid uncertainty about U.S. trade policy.
Investors are digesting Trump's stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $29.44, a high estimate of $35.00, and a low estimate of $22.00. Highlighting a 17.07% decrease, the current average has fallen from the previous average price target of $35.50.
The Dow, the S&P 500, and the Nasdaq Composite were rising as Nvidia hits record $4 trillion market cap and President Donald Trump sends more trade letters.
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Stock futures were relatively unchanged on Wednesday evening after the S&P 500 recouped some of its losses from this week's tariff-fueled slide. S&P 500 futures traded just above the flatline, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were also flat.
US stock market today took a dip as President Trump announced fresh tariff threats, shaking investor confidence. The Dow, S&P 500, and Nasdaq all closed lower on Monday, with Tesla stock sliding amid political uncertainty.
The stock's fall snapped a two-day winning streak.