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Daily Newsletter 7/10/25

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MacroXX
Jul 10, 2025
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Initial jobless claims declined, surpassing expectations and indicating further strength in the economy.

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Stock futures are down this morning as investors weigh new tariff threats from President Trump against recent gains in tech stocks. The cautious mood follows a strong rally led by Nvidia, with markets now focused on trade policy developments and upcoming economic data.

NVDA briefly surpassed a $4 trillion market valuation yesterday, becoming the first publicly traded company to reach that milestone during intraday trading.

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