Dow Drops 100 Points as Wall Street Grapples With CPI Shock and Tariff Tremors

Wall Street's mood sours as inflation data and trade tensions rattle markets.

CPI Sting: The latest consumer price index print hits risk appetite—traders now betting on Fed staying hawkish longer.

Tariff Tango: Fresh import duties spark supply chain jitters, with industrials taking the brunt of the selling.

Meanwhile in crypto-land, Bitcoin hodlers smirk as traditional markets rediscover volatility—turns out digital gold wasn't the risky asset after all. Who's the hedge now, Jamie Dimon?

Dow slips – why stocks are down today

Wall Street has largely been on a tear in the past few months, with major indices hitting record highs after a turbulent April. However, the past week has seen stocks waver, with the S&P 500 hovering near 6,280 on Monday, July 14.

The Dow and Nasdaq Composite are also back at key levels. One notable headwind for stocks is rising trade tensions. Trump’s latest tariff MOVE over the weekend included a surprise announcement of 30% duty on goods from the European Union and Mexico.

Earlier, TRUMP announced tariffs on imports from Brazil and Canada, which are set to take effect on August 1, 2025. While investor sentiment remains cautiously optimistic, market focus is squarely on trade tensions.

Attention is also on U.S. inflation data for June 2025, expected this week. Interest in the Consumer Price Index report is growing as investors anticipate the Federal Reserve’s upcoming rate decision.