US Stock Market Move | The seven giants rise and fall together. JP Morgan Chase says that the uncertainty of tariffs will continue to drag down the US stock market.

On Friday, US stocks were mainly volatile, with almost no signs of weakening volatility. The Nasdaq rose by 0.17%, with mixed performances among the seven giants. Tesla, Inc. (TSLA.US) fell by 2.4%, Meta (META.US) fell by 2.4%, Amazon.com, Inc. (AMZN.US) fell by 1%, Microsoft Corporation (MSFT.US) fell by 0.3%, while Alphabet Inc. Class CC (GOOG.US) rose by 1.3%, Apple Inc. (AAPL.US) rose by 1.4%, NVIDIA Corporation (NVDA.US) rose by 1%. The Bloomberg Seven Giants Index has fallen by 20% this year, after soaring by 67% in 2024. On the news front, David Kelly, Chief Global Strategist at JPMorgan Asset Management, warned that despite President Trump's 90-day deferral of "equal tariffs," the uncertainty surrounding tariffs will continue to weigh on US stocks. According to Kelly, the biggest tax currently imposed on the US economy by Washington is the "tax of uncertainty." He believes that the White House has not done enough to eliminate uncertainty about tariffs, making it difficult for the US stock market to achieve a sustainable rebound.