From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 7/8/2025
U.S. stocks are mixed Tuesday morning as investors continue to digest tariff news from Monday. The U.S. announced new tariffs on some countries yesterday, while also officially delaying the tariff deadline until August 1, though the president said that date is not 100% firm either. The S&P 500 and Nasdaq are higher this morning, while the DJIA is lower. All three major averages were lower on Monday.
Looking at economic data today, the NFIB Small Business Optimism Index edged lower to a reading of 98.6 in June. The Uncertainty Index fell five points to a reading of 89. Taxes remained the biggest issue for small business owners, while labor quality and high labor costs were also cited by others.
U.S. Treasury yields are higher this morning, with the 2-year Treasury up 1.2 basis points to 3.92%, the 5-year Treasury yield up 2.6 basis points to 3.99%, and the 10-year Treasury yield up 3.2 basis points to 4.43%.
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