Stock Market News for Jul 14, 2025

U.S. stocks ended lower on Friday, with the S&P 500 retreating from its all-time high posted a day earlier, as President Donald Trump imposed a 35% tariff on Canada, raising uncertainty over U.S. trade policy. All three major indexes ended in negative territory.

The Dow Jones Industrial Average (DJI) fell 0.6% or 279.13 points, to finish at 44,371.51 points.   

The S&P 500 lost 0.3% to end at 6,259.75 points. Financials, materials, tech and communication services stocks were the worst performers.

The Financials Select Sector SPDR (XLF) declined 1%. The Materials Select Sector SPDR (XLB) lost 0.8%, while the Technology Select Sector SPDR (XLK) fell 0.4%. The Communication Services Select Sector SPDR (XLC) dropped 0.7%. Nine of the 11 sectors of the benchmark index ended in negative territory.

The tech-heavy Nasdaq slid 0.2% to close at 20,585.53 points.

The fear-gauge CBOE Volatility Index (VIX) was up 3.93% to 16.40. A total of 15.4 billion shares were traded on Friday, lower than the last 20-session average of 18.3 billion.

Stocks slipped on Friday on fears of a trade war after Trump announced a whopping 35% tariff on all Canadian imports. The President said that fentanyl played a major role in the hike in tariffs.

He also threatened to go ahead with more tariffs if Canada retaliated. Besides, Trump also said that he was planning to impose a blanket 15% to 20% tariff on other countries. The blanket tariff is 10% now.

Stocks pulled back from their earlier high following the announcement as they feared that higher tariffs could lead to several countries retaliating, which may lead to a trade war.  Investors also waited for Trump’s update on tariffs on the European Union.

Tech stocks suffered on Friday, with shares of Meta Platforms, Inc. (META) declining 1.3%, while Apple Inc. (AAPL) fell 0.6%. Apple has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Friday’s moves came a day after the S&P 500 jumped 0.3% to hit a new all-time closing high. Investors are now looking forward to the second-quarter earnings season, which kicks off next week.

No major economic data was released on Friday.

Friday’s losses pushed all three major indexes into the red for the week. The S&P 500 declined 0.3% for the week. The Dow and Nasdaq ended 1% and 0.1% lower, respectively, for the week. 

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