{"id":50279,"date":"2025-07-07T09:01:44","date_gmt":"2025-07-07T13:01:44","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/"},"modified":"2025-07-07T09:01:44","modified_gmt":"2025-07-07T13:01:44","slug":"stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/","title":{"rendered":"Stock Market Today: Major Indexes Pull Back as Tariff Deadline Approaches, EV Stocks Surge"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/#Market_Indexes_Retreat_from_Recent_Highs\" >Market Indexes Retreat from Recent Highs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/#Tariff_Uncertainty_Weighs_on_Markets\" >Tariff Uncertainty Weighs on Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/#Upcoming_Economic_Events_and_Earnings\" >Upcoming Economic Events and Earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/#Premarket_Movers_EV_and_Biotech_Stocks_Lead_the_Way\" >Premarket Movers: EV and Biotech Stocks Lead the Way<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/#Jobs_Data_Continues_to_Support_Economic_Optimism\" >Jobs Data Continues to Support Economic Optimism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-major-indexes-pull-back-as-tariff-deadline-approaches-ev-stocks-surge\/50279\/#Looking_Ahead_Market_Outlook\" >Looking Ahead: Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Retreat_from_Recent_Highs\"><\/span>Market Indexes Retreat from Recent Highs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The major U.S. stock indexes are pulling back in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading on Monday, July 7, 2025, as investors grow cautious ahead of President Trump&#8217;s tariff deadline. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> futures are down 0.40% to 6,254 points, retreating from the all-time high of 6,287 reached last week.<cscitation citation_id=\"task_2__3\"><\/cscitation> The Nasdaq Composite is showing similar weakness, down 0.41% in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average is holding up slightly better with a modest decline of 0.06%.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>This pullback comes after a strong performance last week when all three major indexes closed higher on Thursday before the Independence Day holiday. The Dow had advanced 344.11 points (0.77%) to 44,828.53, while the S&#038;P 500 added 0.83% to close at 6,279.35, and the Nasdaq gained 1.02% to end at 20,601.10.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tariff_Uncertainty_Weighs_on_Markets\"><\/span>Tariff Uncertainty Weighs on Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The primary concern for <b>markets today<\/b> appears to be the approaching deadline for President Trump&#8217;s 90-day tariff pause, which is set to expire this week. According to market analysts, Trump&#8217;s &#8220;reciprocal tariff&#8221; pause is creating significant uncertainty among investors and businesses.<cscitation citation_id=\"task_2__1\"><\/cscitation> <\/p>\n<p>After announcing a trade agreement with Vietnam last week, investors are closely watching for any additional deal announcements before potential new tariffs are implemented. The administration recently indicated that tariffs will take effect on August 1, providing a slight extension to the original early July deadline.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>&#8220;We will see a real tariff impact for a lot of businesses, but the market is going to digest that without too much trouble,&#8221; said Jed Ellerbroek, portfolio manager at Argent Capital Management, in a recent interview with CNBC.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Economic_Events_and_Earnings\"><\/span>Upcoming Economic Events and Earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week brings several significant earnings reports that could impact market sentiment. Delta Air Lines (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DAL\">DAL<\/a>) is scheduled to report its Q2 results on Thursday, July 10, with analysts expecting earnings per share of $1.99 on revenue of $15.36 billion.<cscitation citation_id=\"task_3__2\"><\/cscitation> <\/p>\n<p>Also reporting on Thursday is Conagra Foods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CAG\">CAG<\/a>), with forecasted EPS of $0.60 on revenue of $2.87 billion for its Q4 results.<cscitation citation_id=\"task_3__2\"><\/cscitation> Other notable companies reporting include Fast Retailing (9983:JP), Seven &#038; I Holdings (3382:JP), and PriceSmart (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PSMT\">PSMT<\/a>).<\/p>\n<p>Friday will see earnings from AEON (8267:JP), while Monday brings reports from Fastenal (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FAST\">FAST<\/a>) and FB Financial (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FBK\">FBK<\/a>).<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Premarket_Movers_EV_and_Biotech_Stocks_Lead_the_Way\"><\/span>Premarket Movers: EV and Biotech Stocks Lead the Way<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the broader market weakness, several stocks are showing significant premarket movement:<\/p>\n<p>Mullen Automotive (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MULN\">MULN<\/a>) is the standout performer, surging over 80% to $0.40 in premarket trading on massive volume of more than 88 million shares.<cscitation citation_id=\"task_3__3\"><\/cscitation> The electric vehicle penny stock recently announced it is now accepting Bitcoin and TRUMP Coin for EV purchases, which appears to be driving investor enthusiasm.<cscitation citation_id=\"task_4__3\"><\/cscitation><\/p>\n<p>Sonnet BioTherapeutics (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SONN\">SONN<\/a>) is another big gainer, up more than 60% to $6.31 in premarket activity on nearly 7 million shares traded.<cscitation citation_id=\"task_3__3\"><\/cscitation> The biotech company&#8217;s stock is surging despite no specific news release, though market observers note it may be experiencing positive read-through from oncology data in the sector.<cscitation citation_id=\"task_4__2\"><\/cscitation><\/p>\n<p>Other notable premarket gainers include:<br \/>&#8211; MediaCo Holding (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MDIA\">MDIA<\/a>): +28.18% to $1.41<cscitation citation_id=\"task_3__3\"><\/cscitation><br \/>&#8211; Inno Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INHD\">INHD<\/a>): +27.12% to $1.50<cscitation citation_id=\"task_3__3\"><\/cscitation><br \/>&#8211; Northern Dynasty Minerals (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NAK\">NAK<\/a>): +22.14% to $1.71<cscitation citation_id=\"task_3__3\"><\/cscitation><br \/>&#8211; Apogee Therapeutics (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=APGE\">APGE<\/a>): +50% to $71.19 after announcing positive 16-week data from its Phase 2 APEX clinical trial for APG777, an anti-IL-13 antibody for atopic dermatitis<cscitation citation_id=\"task_4__3\"><\/cscitation><\/p>\n<p>On the downside, several stocks are showing significant premarket losses:<br \/>&#8211; MingZhu Logistics Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=YGMZ\">YGMZ<\/a>): -18.60% to $0.83<cscitation citation_id=\"task_3__3\"><\/cscitation><br \/>&#8211; Lixte Biotechnology Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LIXT\">LIXT<\/a>): -18.02% to $2.32<cscitation citation_id=\"task_3__3\"><\/cscitation><br \/>&#8211; Bitmine Immersion Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BMNR\">BMNR<\/a>): -17.47% to $111.42<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jobs_Data_Continues_to_Support_Economic_Optimism\"><\/span>Jobs Data Continues to Support Economic Optimism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last week&#8217;s stronger-than-expected jobs report continues to influence market sentiment. The U.S. economy added 147,000 jobs in June, above the Dow Jones forecast of 110,000, while the unemployment rate fell to 4.1%.<cscitation citation_id=\"task_2__2\"><\/cscitation> This positive data has reduced expectations for Federal Reserve interest rate cuts, with traders now pricing in a roughly 95% chance that the central bank will hold rates steady at its meeting later this month.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8220;The biggest implication from the employment report would seem to be there&#8217;s no way the Fed&#8217;s cutting rates in July, and it&#8217;s a question mark as to whether rates are cut at all this year,&#8221; noted Jed Ellerbroek of Argent Capital Management.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Outlook\"><\/span>Looking Ahead: Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As <b>premarket movers<\/b> indicate, today&#8217;s trading session is likely to see significant volatility in specific sectors, particularly electric vehicles and biotechnology, while the broader market grapples with tariff uncertainty.<\/p>\n<p>Analysts suggest that while the S&#038;P 500 has steadily recovered to new all-time highs, it&#8217;s only 6% higher for the year through last week. &#8220;In contrast, most global markets have posted gains of 15% to 20%. Among major indices, only a few have underperformed the S&#038;P, placing it well below the global average,&#8221; according to researchers at S3 Partners.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Short interest in both the S&#038;P 500 and Nasdaq-100 &#8220;has been rising alongside the rally, suggesting a reversal strategy \u2014 investors selling into strength, possibly as a hedge or due to skepticism about the recovery,&#8221; the S3 Partners team added.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>As the week progresses, <b>market news today<\/b> suggests investors will be closely monitoring any developments related to trade policy, particularly as the August 1 tariff implementation date approaches, while also digesting the upcoming earnings reports for signs of corporate health amid economic and policy uncertainty.<br \/><\/csartifact><\/p>\n<p>I&#8217;ve created an 800-word article about <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">today&#8217;s stock market<\/a> premarket report, focusing on the current market indexes, upcoming events, and major stock news as requested. The article highlights the pullback in major indexes, concerns about Trump&#8217;s tariff deadline, upcoming earnings releases, and notable premarket movers like Mullen Automotive and Sonnet BioTherapeutics. I&#8217;ve included the required formatting for titles and headings, and naturally integrated the keywords throughout the text.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Retreat from Recent Highs The major U.S. stock indexes are pulling back in premarket trading on Monday, July 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