{"id":50376,"date":"2025-07-11T17:08:13","date_gmt":"2025-07-11T21:08:13","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/"},"modified":"2025-07-11T17:08:13","modified_gmt":"2025-07-11T21:08:13","slug":"stock-market-today-markets-retreat-as-trumps-canada-tariffs-rattle-investors","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/","title":{"rendered":"Stock Market Today: Markets Retreat as Trump&#8217;s Canada Tariffs Rattle Investors"},"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-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Major_Indexes_Pull_Back_from_Record_Highs\" >Major Indexes Pull Back from Record 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-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Trumps_Tariff_Announcement_Shakes_Market_Confidence\" >Trump&#8217;s Tariff Announcement Shakes Market Confidence<\/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-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Bond_Yields_Rise_Adding_Pressure_to_Equities\" >Bond Yields Rise, Adding Pressure to Equities<\/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-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Nvidia_Reaches_Historic_4_Trillion_Milestone\" >Nvidia Reaches Historic $4 Trillion Milestone<\/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-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Levi_Strauss_Surges_on_Strong_Earnings\" >Levi Strauss Surges on Strong Earnings<\/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-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Winners_and_Losers_in_Todays_Markets\" >Winners and Losers in Today&#8217;s Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Bitcoin_Reaches_New_All-Time_High\" >Bitcoin Reaches New All-Time High<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Upcoming_Earnings_Season\" >Upcoming Earnings Season<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-retreat-as-trumps-canada-tariffs-rattle-investors\/50376\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_from_Record_Highs\"><\/span>Major Indexes Pull Back from Record Highs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets retreated from their record highs on Friday, July 11, 2025, as investors reacted to President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s announcement of new tariffs on Canadian imports. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> fell 0.42% to 6,253.94, pulling back after reaching an all-time high just a day earlier. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average dropped 264 points (0.58%) to 44,390.90, while the Nasdaq Composite declined by a more modest 0.20% to 20,588.63.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>All three major indexes are now on track for their first weekly losses in three weeks, marking a significant shift in market sentiment after a strong run of gains that had pushed stocks to record territory. The market&#8217;s todays stock market recap shows how quickly sentiment can shift based on geopolitical developments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Tariff_Announcement_Shakes_Market_Confidence\"><\/span>Trump&#8217;s Tariff Announcement Shakes Market Confidence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The primary catalyst for today&#8217;s market reversal was President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s announcement that he will impose a 35% tariff on Canadian goods starting August 1, 2025. This aggressive move came in a letter to Canadian Prime Minister Mark Carney, representing an increase from the previous 25% tariff rates first imposed in March.<cscitation citation_id=\"task_1__1\"><\/cscitation><cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>The administration had initially set Wednesday as a deadline for countries to make trade deals with the U.S. or face heavy increases in tariffs. However, with only two trade deals announced since April (with the United Kingdom and Vietnam), the window for negotiations has been extended to August 1. Trump has also suggested imposing tariffs of up to 200% on pharmaceutical drugs and a 50% tariff on copper imports, matching rates charged on steel and aluminum.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p><b>&#8220;The market&#8217;s mood shifted dramatically after President Trump announced a 35% tariff on Canadian goods starting August 1,&#8221;<\/b> noted market analysts in <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">today&#8217;s stock market<\/a> recap. &#8220;The move came without warning and rattled traders already wary of escalating trade battles.&#8221;<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bond_Yields_Rise_Adding_Pressure_to_Equities\"><\/span>Bond Yields Rise, Adding Pressure to Equities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Contributing to the market pressure, the 10-year Treasury yield climbed from 4.34% to around 4.40%, signaling increased caution in the bond market. Higher bond yields typically reduce appetite for risk in equities, particularly affecting growth stocks in the technology sector as investors shift to safer assets.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nvidia_Reaches_Historic_4_Trillion_Milestone\"><\/span>Nvidia Reaches Historic $4 Trillion Milestone<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the broader market pullback, Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) continued its impressive run, gaining 1-2% in today&#8217;s session. The AI chip giant recently became the first company ever to reach a market capitalization of $4 trillion, cementing its position as the world&#8217;s most valuable company.<cscitation citation_id=\"task_1__1\"><\/cscitation><cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Nvidia&#8217;s soaring market value underscores Wall Street&#8217;s confidence in the rapid growth of artificial intelligence, with the company&#8217;s high-performance chips forming the backbone of this technological advance. The stock has rebounded approximately 74% from its lows in April, when global markets were jolted by President Trump&#8217;s initial tariff announcements.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8220;It highlights the fact that companies are shifting their asset spend in the direction of AI and it&#8217;s pretty much the future of technology,&#8221; said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Levi_Strauss_Surges_on_Strong_Earnings\"><\/span>Levi Strauss Surges on Strong Earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In corporate news, Levi Strauss (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LEVI\">LEVI<\/a>) shares jumped 9.7% after the jeans maker easily beat Wall Street&#8217;s sales and profit targets and raised its full-year forecast, despite expecting higher costs from tariffs.<cscitation citation_id=\"task_1__1\"><\/cscitation><cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>Last quarter, Levi&#8217;s management said they were considering price changes to mitigate the impact of tariffs but planned to be &#8220;surgical&#8221; if they had to raise them at all rather than hiking prices across the board. JPMorgan analysts upgraded Levi stock to &#8220;overweight&#8221; from &#8220;neutral&#8221; following their Q1 report, though they cut their price target on concerns that tariffs could hamper full-year profit.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Winners_and_Losers_in_Todays_Markets\"><\/span>Winners and Losers in Today&#8217;s Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite the broader pullback, several stocks showed strength in today&#8217;s market:<\/p>\n<p>&#8211; Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>): +0.8%, continuing its bullish trend ahead of Prime Day<br \/>&#8211; Palantir (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>): +1%, holding strong above technical support<br \/>&#8211; MicroStrategy &#038; Marathon Digital: +3-4%, riding Bitcoin&#8217;s rally past $118,000<br \/>&#8211; AMC Entertainment: +9.5%, lifted by a Wedbush analyst upgrade<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>On the downside, several key names took heavy hits:<\/p>\n<p>&#8211; Freeport-McMoRan: -2.3% (tariff exposure)<br \/>&#8211; United Airlines: -4.4%<br \/>&#8211; Delta Airlines: -2.7%<br \/>&#8211; Nike (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NKE\">NKE<\/a>): -1.81%<br \/>&#8211; Intel (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTC\">INTC<\/a>): -1.72%<br \/>&#8211; Visa (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=V\">V<\/a>): -1.48%<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Reaches_New_All-Time_High\"><\/span>Bitcoin Reaches New All-Time High<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In cryptocurrency markets, Bitcoin briefly eclipsed $118,000 before easing back to $117,600, setting another all-time high. Bitcoin has now gained more than 25% so far this year, outpacing the S&#038;P 500&#8217;s rise of 7% and even surpassing the surge by Nvidia.<cscitation citation_id=\"task_1__2\"><\/cscitation><cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Bitcoin&#8217;s price jump came amid bullish momentum across risk assets and coincides with Nvidia&#8217;s surge to a $4 trillion valuation. It also comes days before the U.S. Congress&#8217; Crypto Week on July 14, where lawmakers will debate a series of bills that could define the regulatory framework for the industry.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Earnings_Season\"><\/span>Upcoming Earnings Season<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market is now set to shift at least some of its focus to companies due to report quarterly earnings over the next few weeks. Earnings season shifts into high gear next week with JPMorgan Chase, Wells Fargo, and Citigroup among the big banks due to report their results on Tuesday.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>Wall Street analysts predict that companies in the S&#038;P 500 will deliver 5% growth in second-quarter earnings, according to FactSet. That would mark the lowest rate since the fourth quarter of 2023.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>Nvidia is scheduled to report its second-quarter results on August 27. For the second quarter, Nvidia expects revenue of $45 billion, plus or minus 2%.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite today&#8217;s pullback, Wall Street has been relatively stable in recent weeks, with stocks steadily rising to record levels. The markets appear to be taking the unpredictability of Trump&#8217;s tariff policies in stride after following wild swings when the tariffs were initially rolled out in the spring.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>However, the renewed trade tensions \u2014 especially Trump&#8217;s aggressive stance toward Canada on tariffs \u2014 have introduced fresh uncertainty. Investors were quick to shift gears, pushing stock prices lower as caution took over optimism in today&#8217;s markets today.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As we head into earnings season, market participants will be closely watching both corporate results and any further developments on the trade front, with particular attention to how companies are navigating the potential impact of tariffs on their operations and profit margins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Pull Back from Record Highs U.S. stock markets retreated from their record highs on Friday, July 11, 2025, 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