Stock Market News·2025-10-01 06:00Group 1: Tariffs on Entertainment and Lumber - President Trump announced a 100% tariff on foreign-made films to encourage domestic production, but the market reaction was muted, with analysts not viewing it as a serious threat [2][3] - The U.S. stock market remained stable despite the tariff announcement, while Indian media stocks declined by 5% and Netflix shares fell by 1.5% [3] - New tariffs of 10% on imported lumber and 25% on kitchen cabinets and other furniture were set to take effect on October 14, 2025, citing national security concerns [4][5] - Companies like MasterBrand saw a 6% increase in shares due to domestic manufacturing advantages, while high-end retailers faced challenges from increased import taxes [5] Group 2: Pharmaceutical Sector Developments - A significant drug pricing deal was announced between President Trump and Pfizer, where Pfizer would cut drug prices and invest $70 billion in U.S. manufacturing [6] - Pfizer's stock surged by 6.83% to $25.48, with trading volume reaching over 153 million shares, indicating strong market confidence [7][8] - The S&P 500 Pharmaceuticals Index rose nearly 4%, with other major drugmakers also experiencing gains, although some experts questioned the long-term savings for consumers [8] Group 3: Market Resilience Amidst Uncertainty - Despite the looming threat of a U.S. government shutdown, major U.S. indices showed resilience, with the Dow Jones closing at a record high of 46,397.89 [9][10] - Analysts noted that investors appeared to have priced in the potential impact of a shutdown, although concerns about new tariffs renewing business uncertainty remained [10] - Global trade dynamics continued to evolve, with mixed reactions to Trump's tariffs, as some regions adapted better than expected [11] Group 4: Overall Market Impact - The recent policy announcements from President Trump have created a complex environment for investors, with mixed impacts across different sectors [12] - The broader market has shown surprising resilience, continuing its upward trajectory despite political uncertainties [12][13] - Investors are left to navigate the contradictions and potential impacts of these announcements as they prepare for future developments [13]