Wins & Losses of Tariff Tumult

Investopedia Editor-in-Chief Caleb Silver talks about how the smoke is still clearing from the latest shakeup of U.S. trade policy this week. Because the old tariffs established under the International Economic Emergency Powers Act targeted individual countries with specific rates, replacing them with a one-size-fits-all rate creates definite winners and losers. Plus, two weeks ago, initial claims for unemployment benefits plunged by 23k from the previous period. In the most recent week, filings have risen again. And Thursday was worst day for Nvidia's stock since last spring dragged the U.S. market lower, even though most stocks rose. The S&P 500 fell 0.5% on Thursday. The Dow Jones Industrial Average added 17 points, and the Nasdaq composite sank 1.2%. Nvidia delivered another stellar profit report and gave a forecast for revenue that again topped analysts' expectations. But such blowout performances have become typical for the AI chip company, and its stock fell to its worst day since April.