On June 14, 2025, Wall Street faced a significant decline, with the Dow Jones Industrial Average falling 1.59% to 31,759.61, the S&P 500 dropping 1.73% to 3,948.18, and the Nasdaq Composite decreasing 1.87% to 11,534.53. This downturn was primarily driven by President Donald Trump's decision to proceed with additional tariffs on key trading partners, intensifying existing trade disputes. The market's reaction underscores investor concerns about the potential economic repercussions of these escalating tensions.
Technology stocks, which had previously been strong performers, were notably affected. Nvidia's stock declined by 1.6%, and Apple's shares fell by 2.3%. Tesla's stock also experienced a 5.7% drop, partially recovering from previous losses attributed to public disputes between President Trump and CEO Elon Musk. Additionally, Lululemon Athletica's shares plummeted by 19.6% after the company revised its profit expectations downward, citing the adverse effects of tariffs and increased competition. These movements highlight the market's sensitivity to policy decisions and their broader economic implications.
Key Takeaways
- Dow Jones Industrial Average fell 1.59% to 31,759.61.
- S&P 500 decreased by 1.73% to 3,948.18.
- Nasdaq Composite dropped 1.87% to 11,534.53.
- Technology stocks like Nvidia and Apple saw declines.
- Lululemon Athletica's shares plunged 19.6% due to profit revision.