US EditionFriday’s Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
ONTARIO, CANADA, AUG 7 – The S&P/TSX index dropped 159.60 points amid U.S. tariff hikes affecting over 60 countries, including a 35% tariff on some Canadian goods not covered by USMCA.
- On Aug. 7, the S&P/TSX composite index closed down 159.60 points at 27,761.27 amid mixed U.S. markets with the S&P 500 down 5.06 points and Nasdaq up 73.27 points.
- Tariffs imposed by U.S. President Donald Trump took effect Thursday, affecting over 60 countries, including a 50 per cent levy on Brazil and 10 per cent on Canadian goods outside the USMCA.
- Canadian consumer-facing companies, led by Canadian Tire Corp. Ltd., plunged over 10 per cent after profits declined, while the September crude oil contract fell 47 cents US to US$63.88 and the Canadian dollar weakened to 72.71 cents US on Wednesday.
- Graham Priest, portfolio manager at BlueShore Financial, said `There were a number of companies that came out with earnings, and overall a number of them did beat expectations` but warned `But there is still a cloud overhanging regarding the impact of tariffs going forward, and how future earnings will be impacted as a result`.
- Ahead of Friday’s labour data, markets await fresh direction after trade measures, as Statistics Canada will release July job numbers Friday, offering further insight into the Canadian economy.
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S&P/TSX composite index closes lower, U.S. markets mixed amid trade worries
TORONTO — Canada's main stock index closed down Thursday while U.S. markets were mixed as numerous tariffs imposed by U.S. President Donald Trump against countries took effect.
Daily Record
The Washington PostHow major US stock indexes fared Thursday, 8/7/2025
U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide. The S&P 500 slipped 0.1% Thursday. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq…
The main Canadian stock index closed down on Thursday, while U.S. markets ended up in dispersed order, following the entry into force of the many tariffs imposed by U.S. President Donald Trump on certain countries.
US stock markets were mixed on Thursday. At the close of trading in New York, the Dow closed at 43,969 points, down 0.5 percent from the previous trading day. A few minutes earlier, the broader S&P 500 was down 0.1 percent at around 6,340 points, while the Nasdaq technology exchange was calculating the Nasdaq 100 at the time, up 0.3 percent at around 23,390 points. US President Donald Trump announced on Thursday that Stephen Miran, following Adr…
Stocks Close Mixed after Higher Bond Yields and Tariff News
The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.32%. September E-mini S&P futures (ESU25 ) fell -0.04%, and September E-mini Nasdaq futures (NQU25...
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