Tariffs and Trade War Continue to Impact Stock Market

Dow Inc. is a leading global materials science company headquartered in Midland, Michigan, with a rich history spanning over 125 years. It specializes in providing innovative material solutions across multiple sectors including packaging, infrastructure, mobility, and consumer applications. Operating through three main segments—Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings—Dow offers a broad portfolio of products such as ethylene, propylene, polyethylene, and specialty chemicals that serve diverse markets worldwide[1][2][4]. With manufacturing sites in 30 countries and approximately 36,000 employees, Dow reported sales of about $43 billion in 2024, underscoring its significant global presence and economic impact[2]. Despite a recent net income loss reported in the trailing twelve months, the company maintains a strong market capitalization of $15.42 billion and a dividend yield of 6.44%, reflecting ongoing shareholder value[1]. Dow is widely recognized for its commitment to sustainability and innovation. As part of its 2025 sustainability goals, the company aims to generate $1 billion in net present value through projects that enhance nature and promote a circular economy—where waste is minimized by redesigning products and services[3]. Dow has earned ten Edison Awards in 2025, highlighting its leadership in breakthrough sustainable chemistry innovations[4]. The company’s ambition extends beyond business success to being the most innovative, customer-centric, inclusive, and sustainable materials science company globally. Dow emphasizes transparent governance, ethical standards, and collaboration with partners to solve complex materials science challenges that contribute to a sustainable future[4][5]. Overall, Dow stands out as a pillar of innovation in materials science, balancing commercial performance with strong environmental and social commitments, making it a key player in both business and technology landscapes.

**Nasdaq** (National Association of Securities Dealers Automated Quotations) is a premier American stock exchange, recognized as the second-largest globally by market capitalization and the first fully electronic stock market. Founded in 1971 and headquartered in New York City, Nasdaq revolutionized trading by introducing an automated, transparent, and efficient platform, setting a technological benchmark for global financial markets[1]. Nasdaq operates as both a stock exchange and a technology company through its parent, Nasdaq, Inc., which also owns multiple other U.S. and Nordic exchanges. It hosts over 4,000 listed companies, including prominent technology giants, foreign firms primarily from China and Israel, and a broad range of industries. Its indices, notably the Nasdaq Composite and Nasdaq-100, are key barometers of technology sector performance and innovation trends[1]. Historically, Nasdaq's achievements include pioneering electronic trading systems, leading market innovations such as the Advanced Computerized Execution System (ACES), and continuously enhancing market accessibility and liquidity. Its fully electronic model has driven high trading volumes, making it the most active U.S. stock market by volume. Nasdaq also plans to expand trading hours to 24 hours a day, five days a week, pending regulatory approval as of early 2025[1]. In recent years, Nasdaq has demonstrated robust financial growth; Q1 2025 earnings showed a 12.5% revenue increase year-over-year to $1.2 billion, with its solutions business growing 11%, reflecting strong demand for market technology and data services. The annual recurring revenue reached $2.8 billion, indicating solid future revenue visibility[2]. Nasdaq continues to benefit from megatrends such as artificial intelligence commercialization, semiconductor industry leadership, and cloud infrastructure expansion, which dominate the growth narrative on its platform[5]. Overall, Nasdaq remains a cutting-edge financial market hub that blends technology innovation with capital market leadership, serving as a vital engine for global busines

The S&P 500, officially known as the Standard & Poor’s 500, is a revered stock market index tracking the performance of 500 of the largest publicly traded companies in the United States[1]. Managed by S&P Dow Jones Indices—a joint venture majority-owned by S&P Global—the S&P 500 is widely recognized as a leading barometer of the U.S. stock market and, by extension, the broader economy[1][7]. It accounts for roughly 80% of the total market capitalization of U.S. public companies, with an aggregate value exceeding $57 trillion as of August 2025[1]. The index is weighted by market capitalization, meaning larger companies exert a greater influence on its movements[1][2]. Its top holdings include tech giants like Nvidia, Microsoft, Apple, and Alphabet, which together represent a significant portion of the index’s total value[1]. ## History and Evolution The S&P 500 traces its origins to 1923, when the Standard Statistics Company (later becoming Standard & Poor’s) launched an index of 233 companies[3]. In 1957, it expanded to include approximately 500 companies, formalizing the structure familiar today[3]. Over the decades, the index has evolved into a cornerstone of global finance, reflecting the dynamism of the U.S. economy and the rise of sectors like technology, healthcare, and consumer goods. ## Purpose and Impact The S&P 500 serves multiple critical roles: it is a benchmark for investment portfolios, a basis for passive index funds and ETFs, and a key input for economic forecasting tools like the Conference Board Leading Economic Index[1][6]. For companies, inclusion in the S&P 500 is prestigious and financially impactful, often triggering significant buying activity as funds tracking the index adjust their holdings[2]. For investors, the index offers a convenient, diversified exposure to the U.S. equity market through index funds and ETFs[4