Advertisement
Advertisement

S&P500 and Nasdaq 100: Traders Weigh Tariff Risks and Tech Stock Rebound Today

By:
James Hyerczyk
Published: Jul 8, 2025, 13:53 GMT+00:00

Key Points:

  • S&P 500 holds near flat as traders weigh tariff risks, green energy rollbacks, and shifting Fed rate cut signals.
  • Solar stocks slump after Trump rolls back subsidies; Sunrun down 7%, Enphase drops 3.7%, First Solar slides 2.6%.
  • Nvidia eyes $4T cap, Tesla rebounds 2%, while Datadog dips after Guggenheim warns of OpenAI revenue risk.
Nasdaq 100 Index, S&P 500 Index, Dow Jones

S&P 500 Stalls as Traders Digest Tariff Risks and Green Energy Rollbacks

The S&P 500 hovered near the flatline Tuesday as traders worked to recover from Monday’s tariff-driven sell-off while weighing fresh policy signals from the White House. The Nasdaq rose 0.3%, supported by chipmakers, while the Dow slipped 61 points after losing more than 400 points the previous session.

President Trump suggested flexibility on the newly announced Aug. 1 tariff deadline, saying it is “not 100% firm” if countries engage in talks. The new measures target imports from South Korea, Japan, South Africa and others, but traders questioned whether the new 25% tariffs would be fully enforced, with some suggesting the worst trade war fears have passed.

Are Solar Stocks in Trouble After Trump’s Green Energy Order?

Daily Sunrun Inc

Solar stocks came under pressure following Trump’s executive order rolling back green energy subsidies to align with tax policy changes. Sunrun tumbled over 7%, Enphase dropped 3.7%, and First Solar slid 2.6% in early trade as investors reassessed subsidy-linked growth expectations in the sector.

How Are Nvidia, Tesla and Datadog Driving Tech Moves?

Daily NVIDIA Corporation

Nvidia shares gained 0.6%, continuing momentum toward a $4 trillion market cap as traders leaned back into AI leaders. Tesla rebounded 2% after a steep Monday decline, while Datadog slipped over 2% following a downgrade to sell at Guggenheim, which warned of potential revenue risk if OpenAI moves certain workloads in-house.

Will Bank Downgrades Pressure Financials Ahead of Earnings?

Daily Bank of America Corp.

Financial stocks were mixed as HSBC downgraded JPMorgan and Goldman Sachs to reduce from hold, while Bank of America dropped 2% after being cut to hold from buy. The sector remains in focus ahead of the upcoming earnings season, with traders watching net interest income guidance and capital allocation updates as rate cut discussions continue.

Which Stocks Are Catching Traders’ Attention Early?

Daily Vertiv Holdings Co

Vertiv Holdings climbed 2.8% after Melius Research upgraded the AI infrastructure stock to buy, citing renewed AI spending trends. KeyCorp gained 1% after UBS upgraded it to buy, noting strong loan momentum and potential upside in net interest income. Coinbase added 1% after securing a $20 million credit facility with KULR Technology, while Chemours rallied over 10% despite no clear catalyst, building on its recent momentum.

Market Outlook: What Should Traders Watch Next?

Traders will monitor July earnings for banks and tech leaders while gauging tariff enforcement signals from the White House.

Treasury yields and the Federal Reserve’s commentary on potential rate cuts remain key for risk sentiment, while sector rotation flows could continue to shape early July positioning.

Caution remains warranted, but selective buying is emerging in AI and tech names while solar and financials remain under pressure.

More Information in our Economic Calendar.

About the Author

James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement. He is the author of two books on technical analysis and has a background in both futures and stock markets.

Advertisement