Major Indexes Rose as Investors Mostly Shrug Off Tariff Threats to Brazil

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6 • 631 Ratings

🗓️ 10 July 2025

⏱️ 3 minutes

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Summary

Both the Nasdaq and S&P reached new record highs. Plus: Nvidia stock hit a new record high after becoming the world’s first $4 trillion company. Copper futures and mining companies rallied after President Trump said levies on the metal will go into effect in early August. And WK Kellogg shares soared after Ferrero struck a $3 billion deal for the cereal maker. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Active fixed income ETFs from Hartford funds. Built to help you navigate complex bond markets with the affordability of an ETF.
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0:17.6	Investing involves risk. Carefully consider funds investment objectives risk charges and expenses before
0:22.5	investing visit herford funds.com to obtain a prospectus containing this and other information read it
0:27.2	carefully before investing alps distributors here's your closing bell brief for thursday july 10th
0:37.2	i'm danny lewis for the wall July 10th. I'm Danny Lewis for the Wall Street Journal.
0:40.0	U.S. stock indexes rose as investors mostly shrugged off President Trump's latest tariffs targeting Brazil.
0:46.2	The Dow Jones Industrial Average gained 192 points to close at 44,651. The S&P added 17 points, and the NASDAQ rose 19 points. Both the S&P and NASDAQ closed at new
0:59.7	record highs, thanks in Part 2, NVIDIA, which also hit a new record high after becoming the
1:05.1	world's first $4 trillion company. Shares in the chipmaker rose three quarters of a percent.
1:12.7	Among the many trade messages issued to foreign leaders this week, the new 50 percent levy on Brazilian imports to the U.S. was the
1:18.1	highest. Trump also criticized Brazil's legal actions against former president Jaira Bolsonaro, as well as
1:24.8	U.S. tech companies. The country's current president said his government
1:28.4	would reciprocate, but didn't give details. Elsewhere in the market, copper futures rose about
1:34.0	two and a half percent after Trump said the U.S. will impose a 50 percent tariff on the metal at the
1:38.5	beginning of August, and mining company Freeport McMororan rallied 3.5%.
1:44.5	Among other individual companies, shares of W.K. Kellogg surged 30.6% after Nutella Maker
1:50.8	Ferreiro struck a roughly $3 billion deal to buy the iconic breakfast cereal company.
1:57.5	Stock in Rare Earth Miner MP Materials jumped after the U.S. Defense Department said it will take a 15% stake in the company.
2:04.9	Shares rose 50.6%.
2:07.0	And shares of cryptocurrency exchange operator, Coinbase, rose 4% as Bitcoin added to its record high hit Wednesday.
2:15.4	We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.
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