Stocks in the United States experience growth, driven by advancements in the Federal Reserve nomination process and tariff negotiations.
On August 9th, 2025, the stock market showed resilience despite tariff concerns, with the S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) closing nearly 0.4% and 0.4% higher, respectively. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite also saw a 0.3% and 0.35% rise, respectively.
However, transportation stocks took a hit due to President Trump's tariff announcements. Global Logistics reported on the plunge of these stocks, highlighting the impact of Trump's tariffs on financial markets.
Pinterest (PINS) dropped after missing profit expectations on the same day, but other tech stocks, such as Block (XYZ), rallied on strong guidance. Expedia (EXPE) shares jumped over 10% after raising its full-year bookings forecast.
In an unexpected turn of events, President Trump's nomination of Stephen Miran to the Federal Reserve Board of Governors led to a modest rise in gold prices. Miran, a pro-growth economist supportive of Trump's tariff policies and an advocate for lowering interest rates, was seen as a candidate who could influence the Fed's interest rate discussions during his temporary tenure.
The announcement coincided with an increase in gold futures prices, reflecting market anticipation of possible changes in Federal Reserve policy under Miran’s influence. Analysts from JPMorgan Chase noted that Miran's confirmation could lead to a steepening of the yield curve, which often signals expectations of stronger economic growth or higher inflation ahead.
Miran's nomination was viewed as part of Trump's broader attempt to shape the Federal Reserve’s policy direction amid ongoing criticism of Chair Jerome Powell’s reluctance to lower rates. Although Miran’s term would be short—filling out the remainder of Adriana Kugler’s term expiring in January 2026—it positioned Trump to exert more pressure on the Fed indirectly during this key economic period.
Investors are now focused on the likelihood of a September rate cut, with bets at 90%. The rebound of the stock market, despite tariff concerns, suggests that market participants are optimistic about the economy's resilience. However, the nomination of Miran has added to the market speculation and pressure on the Fed Chair Jerome Powell, whose replacement Trump also hinted at considering in the near future.
In New York, gold futures (GC=F) surged above London prices on August 9th, 2025, signaling market response to potential monetary easing or uncertainty. The market continues to closely watch developments in both the trade policy and monetary policy arenas.
Global trade tensions pose a significant challenge for global logistics companies, as demonstrated by the decline of transportation stocks following President Trump's tariff announcements. The rise of Stephen Miran to the Federal Reserve Board of Governors, however, has influenced the stock market, particularly in relation to finance, investing, and the stock-market, as his pro-growth stance and support for tariff policies have led to a spike in gold prices and speculation about future monetary easing.
