The U.S. stock market in New York started in mixed territory on the 14th (local time).
On this day, the Dow Jones Industrial Average, centered on blue-chip stocks, opened at 44,245.27, down 126.24 points (0.28%) from the previous close.
The Standard & Poor's (S&P) 500 index, centered on large-cap stocks, opened at 6,253.64, down 6.11 points (0.10%), while the Nasdaq Composite index, focused on technology stocks, opened at 20,613.36, up 27.83 points (0.14%).
U.S. President Donald Trump appears to have increased market uncertainty as he warned of high tariffs on the European Union (EU) and Mexico. Earlier, President Trump stated that starting from the 1st of next month, he would impose a 30% reciprocal tariff on both the EU and Mexico. The reciprocal tariff on the EU has been significantly raised from the previous 20%.
The upcoming release of major economic indicators, including the June Consumer Price Index (CPI) on the 15th and the June Producer Price Index (PPI) on the 16th, has also contributed to the mixed market. According to market forecasts compiled by Bloomberg, the CPI for this month is expected to rise 2.6% compared to the same month last year, accelerating from May's rate of 2.4%. The PPI is projected to increase by 0.3% from the previous month, showing a clearer upward trend compared to last month's 0.1%.
The performance announcements from major corporations are also of interest. Starting on the 15th with JPMorgan Chase, Citigroup, and Wells Fargo, corporations will begin to release their second-quarter earnings this week. According to market research firm FactSet, S&P 500 corporations are expected to see a 4.6% increase in net profits compared to the same period last year. However, this growth rate is expected to be lower than the average of the past five years (9.1%) and the past ten years (6.9%).
U.S. Government Bonds yields are showing a steady trend. The yield on the benchmark U.S. 10-year government bond fell by 1 basis point (1 bp = 0.01 percentage points) to 4.41%, while the yield on the 2-year government bond, which is sensitive to monetary policy, is currently at 3.87%, down 3 basis points from the previous day.