S&P 500, Nasdaq Tread Water On Mixed Tariff Messages
The Dow Jones Industrial Average (DJI) is down more than 131 points this afternoon, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are trading slightly below breakeven amid mixed messages surrounding tariff deadlines. After yesterday sending letters to 14 countries imposing new tariffs and setting an Aug. 1 deadline that was "not 100% firm," President Trump today shared on Truth Social that "no extensions will be granted" on levies.

SoundHound AI Inc (Nasdaq: SOUN) stock is seeing the most options activity today, with 236,000 calls and 50,000 puts exchanged so far -- 6 times the volume typically seen at this point. Most active is the weekly 7/11 13-strike call, where new positions are being sold to open. SOUN is up 11.9% at $12.73 at last check, trading at their highest level since February after brushing off yesterday's broader market selloff. The shares are pushing past resistance at $12, and sport a 210% year-over-year lead despite falling 34.4% in 2025.
Moderna Inc(Nasdaq: MRNA) stock is leading the SPX today, last seen up 9.6% to trade $32.77, after earlier surging to its highest level since late March. MRNA is looking to consolidate above the 120-day moving average, after last week nabbing its first close above this trendline since July 2024, before settling back below it yesterday. The shares have already dropped more than 21% in 2025.

Newmont Corporation(NYSE: NEM) is among the worst performers on the SPX today, down 5.2% to trade at $57.02 at last glance. The gold mining stock has been choppy since its June 23, nearly three-year peak of $60.31 amid interest rate updates, mixed economic data, and tariff tensions. The $57 region is providing a floor for the shares, which boast a 53% year-to-date lead.
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