SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

SSgA Active Trust - SPDR S&P 500 ETF Trust

The SPY is trending amid concerns over escalating trade tensions between the U.S. and China, with potential tariff implementations looming and some community members fearing a market downturn reminiscent of previous corrections. Discussions include the impact of potential actions from Trump and Powell, and whether current market froth is justified by AI optimism. Some traders are closely watching technical indicators and bracing for volatility ahead of bank earnings and key economic data.

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.  Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.  Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.  Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.  The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

Bitcoin

Bitcoin is trending amid discussions about market manipulation and potential trade war impacts, with community members debating whether recent price dips represent buying opportunities or signs of a larger correction. Concerns about leveraged positions and insider activity are also circulating, while some analysts maintain a bullish long-term outlook. The digital asset's performance is being closely watched in relation to traditional markets and geopolitical developments.

Invesco Capital Management LLC - Invesco QQQ Trust Series 1

QQQ is trending due to renewed US-China trade war concerns sparked by China's sanctions on a Korean shipbuilder and the potential for further tariff escalations, creating market volatility. Community discussions revolve around whether these movements are news-driven rather than technical, and whether Trump's actions will reverse the current downturn. Overall sentiment seems mixed, with some expecting a bounce while others anticipate further drawdowns.

BioCryst Pharmaceuticals, Inc. is a biotechnology company. It engages in the provision of structure-guided drug design with the goal of developing oral small-molecule and protein therapeutics to target difficult-to-treat rare diseases. The company was founded by William M. Spencer III, Charles E. Bugg, and John A. Montgomery in 1986 and is headquartered in Durham, NC.

Biocryst Pharmaceuticals Inc.

BioCryst ($BCRX) is trending amid news of its acquisition of Astria Therapeutics ($ATXS) to bolster its HAE portfolio, a move that has sparked mixed reactions. While some investors see long-term growth potential, others express concerns about the acquisition's cost and potential impact on profitability, leading to active discussions about the company's future direction and valuation.

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.

Critical Metals Corp.

$CRML is trending as the U.S. aims to secure rare earth elements and reduce reliance on China, sparking community interest in resource independence and potential government support. Discussions revolve around the company's assets in Greenland and the potential for significant growth in a sector deemed critical for national security. Some traders are pointing to a large move in a related ticker, $CLIK, as a reason for caution.

Nova Minerals Ltd. engages in the exploration and development of mineral properties. Its projects include Estelle Gold, RPM, Korbel, Train, Stoney and Studies projects. The company was founded in January 1987 and is headquartered in Melbourne, Australia.

Nova Minerals Limited - ADR

Nova Minerals is trending as discussions revolve around its potential to become a key domestic antimony supplier, especially after the U.S. Department of War awarded funds to Alaska Range Resources (ARR), its subsidiary, to secure the antimony supply chain. The community is focused on the company's unique position with both antimony and gold prospects, viewing it as undervalued compared to other rare earth plays. Some investors express enthusiasm about NVA's long-term growth potential given its Alaskan mining assets.

Greenwave Technology Solutions, Inc. is an emerging growth company, which engages in recycling ferrous metal. It also recycles nonferrous metals including aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products. The company was founded on April 26, 2013 and is headquartered in Chesapeake, VA.

Greenwave Technology Solutions Inc

GWAV is experiencing significant volatility, with community members actively debating its potential for a short squeeze amid filing delays and reverse split speculation. Some traders are capitalizing on the price swings, while others express concerns about the company's financials and management. The stock's low float is also a key point of discussion, contributing to its volatile nature.

Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. Its GaN power ICs integrate GaN power with drive, control and protection to enable charging, power density, and energy savings for mobile, consumer, enterprise, eMobility and new energy markets. The company was founded by Daniel Kinzer, Nick Fichtenbaum, Gene Sheridan, and Jason Zhang on August 12, 2020 and is headquartered in Torrance, CA.

Navitas Semiconductor Corp

NVTS is trending due to progress in developing GaN and SiC power devices for NVIDIA's next-gen AI factory architecture, specifically supporting the 800 VDC power architecture. The community is focused on the potential for increased efficiency and power density in AI data centers, with some speculating about a possible short squeeze given the stock's high short interest. Some traders are drawing parallels to other AI-related stocks and anticipating further upside.

JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate. The CCB segment originates and services mortgage loans. The CIB segment makes markets and services clients across fixed income, foreign exchange, equities, and commodities. The AWM segment provides initial capital investments in products such as mutual funds and capital invested alongside third-party investors. The Corporate segment manages its liquidity, funding, capital, structural interest rate, and foreign exchange risks. The company was founded in 1799 and is headquartered in New York, NY.

JPMorgan Chase & Co.

JPMorgan Chase & Co

JPMorgan Chase is trending following the release of its Q3 2025 earnings, which revealed profits boosted by investment banking and trading. Community members are actively discussing the better-than-expected revenue and trading results, while also pointing out a net reserve build. Some are speculating on the potential impact of the earnings on the broader market.

Rigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.

Rigetti Computing Inc

RGTI is trending as quantum computing stocks experience a surge, fueled by a major financial institution's planned investments in the sector. The community is actively debating the stock's valuation amid this hype, with some citing potential for further gains while others warn of a possible correction and overvaluation. Discussions range from potential short squeezes to comparisons with previous market bubbles.

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U.S. President Donald Trump struck a constructive tone on Tuesday regarding trade negotiations with India and his "very good friend," Indian Prime Minister Narendra Modi, even as he urged European Union officials, behind closed doors, to impose high tariffs on the South Asian nation.Trump reportedly discussed the proposal in a meeting with EU officials on Tuesday, according to a Financial Times&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/2267eb41-b19a-4a9f-93ca-14ac0343cd77">report</a>, based on information from unnamed U.S. officials, published in the evening. He has asked for up to 100% EU tariffs on imports from India as well as China, in a move aimed at turning up the heat on Moscow to end the war in Ukraine.The two nations heavily purchase Russian oil, something Trump has criticized, saying that it indirectly funds the Ukraine war.Last month, the U.S. announced a 50% tariff rate on Indian exports, in part because of the country's trade with Russia. The move came as a surprise and signaled tensions between the U.S. and India, which have traditionally had friendly relations.&nbsp;&nbsp;&nbsp;About an hour after the FT report, Trump posted on his Truth Social account that the U.S. is working with India to resolve trade barriers."I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!" he&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/115176472700835865">said</a>.Modi<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/narendramodi/status/1965597878237139351">&nbsp;replied</a> through his X account early Wednesday morning (India time), saying the two countries are "close friends and natural partners" and expressing confidence in reaching a trade agreement that benefits both.Meanwhile, Trump told reporters Tuesday evening that he expects to have a call with Russian President Vladimir Putin "this week or early next week". Trump has for months pushed to end the war in Ukraine with limited success, as Russian attacks in the country have intensified in recent weeks.The latest development also follows a seemingly successful summit between Chinese President Xi Jinping, Putin, and Modi last week.The U.S. market has outperformed India’s in terms of growth so far this year, a period marked by intense volatility due to Trump’s ever-evolving tariff plan. The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF Trust (SPY)</a> has gained 10.3%, compared to a 1.6% decline in the&nbsp;<a href="https://stocktwits.com/symbol/INDA">iShares MSCI India ETF (INDA)</a>, which tracks Indian stocks.On Stocktwits, the retail sentiment for SPY remained in the ‘bullish’ zone, while that for INDA dropped to ‘neutral’ from ‘bullish’ the previous day.Editor’s note: This story has been updated with Indian PM Narendra Modi’s reaction to Trump’s Truth Social post.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Donald Trump and Narendra Modi pictured during a joint press conference at the White House on February 13, 2025. (Photo by Andrew Harnik/Getty Images)

Trump Praises ‘Good Friend’ Modi Publicly, But Reportedly Pressures EU Privately To Clamp Down On India With 100% Tariffs

Last month, the U.S. announced a 50% tariff rate on Indian exports, in part because of the country's trade with Russia.

Equity

Last month, the U.S. announced a 50% tariff rate on Indian exports, in part because of the country's trade with Russia.


Tech giant Apple, Inc. (APPL) is making considerable inroads in India, a country where it has expanded its manufacturing presence as well, as the U.S.-China standoff continues to be a headwind.&nbsp;A Bloomberg <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-09-05/apple-s-india-sales-hit-record-9-billion-after-big-retail-push">report,</a> citing people familiar with the matter, stated that Apple’s sales in India reached $9 billion in the fiscal year that ended in March 2025. This marked a $1 billion (12.5%) increase from the previous fiscal year. In Apple’s fiscal year, which ended in September 2024, its overall revenue increased 2%, with iPhone sales a tad better at 3%.Cupertino’s flagship product, the iPhone, drove the bulk of the sales in India, with MacBook laptops also witnessing a demand surge.&nbsp;<a href="https://stocktwits.com/symbol/AAPL">Apple stock</a> is among the worst-performing mega-cap stocks this year, having pulled back about 4% year-to-date (YTD). On Stocktwits, retail traders were ‘neutral’ (54/100) on the stock as of early Friday, but the message volume remained at ‘normal’ levels.<figure class="image"><img style="aspect-ratio:618/51;" src="https://news.stocktwits-cdn.com/Screenshot_2025_09_05_at_3_36_45_AM_png_f9acf5cd00.webp" alt="Screenshot 2025-09-05 at 3.36.45 AM.png" width="618" height="51"><figcaption>AAPL sentiment and message volume as of 3:30 a.m. ET, Sept. 5 | source: Stocktwits</figcaption></figure>China, which was once the most important market for the Tim Cook-led company from both demand and supply perspectives, has seen a pushback due to tapering demand amid competitive pressure and macroeconomic weakness. After the U.S. President Donald Trump slapped hefty tariffs on exports from China, Apple has shifted most of its U.S.-bound iPhone assembly to India.&nbsp;Acknowledging the untapped market opportunity in India, which was previously overlooked due to the country's price-sensitive consumer base, Apple has opened two additional retail outlets in the country this week.&nbsp;The new outlets are located in Hebbal, Bangalore, and Koregaon Park in Pune, in addition to the existing ones in Delhi and Mumbai, which opened in 2023.Cook posted about the new stories on his X account. “Say hello to Apple Hebbal in Bengaluru and Apple Koregaon Park in Pune! We are thrilled to continue to bring the best of Apple to customers across India at these two new stores,” he said in the post.<img src="https://news.stocktwits-cdn.com/Screenshot_2025_09_05_at_2_53_15_AM_png_3d1746a0e0.webp" alt="Screenshot 2025-09-05 at 2.53.15 AM.png">iPhones, however, remain pricier products in India, the Bloomberg report noted, as it observed that an entry-level iPhone costs $906.39 in India compared to $799 in the U.S., due to higher taxes. Apple has strived to make it affordable to the growing working class in India by offering student rebates, trade-in discounts, and credit card rebates through partnerships with banks.&nbsp;Counterpoint Research stated in a report that the iPhone 16 was the most shipped device in India during the June quarter, as the ultra-premium segment outperformed the overall smartphone market.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/what-happened-at-trump-s-white-house-dinner-for-tech-ce-os/chwIclaRdpQ">What Happened At Trump's White House Dinner For Tech CEOs — And Why Elon Musk Was Nowhere To Be Seen</a>

 View of iPhone 16 models kept on display at the Apple store in Bandra Kurla Complex (BKC) in Mumbai. 

Apple’s India Sales Hit Record $9B As iPhone Demand Surges: 2 New Stores Open

In India, Cupertino’s flagship product, the iPhone, drove the bulk of the sales, with MacBook laptops also witnessing a demand surge. 

U.S. President Donald Trump's foreign and trade policies are redrawing the dynamics among countries that find themselves on the losing side of his agenda.A new report by Bloomberg, published on Thursday, stated that China reached out to India in March, and India began responding constructively in June as India's trade negotiations with the U.S.&nbsp;became contentious.&nbsp;Chinese President Xi Jinping wrote a letter to Indian President Droupadi Murmu, expressing concerns about any U.S. deals that would harm China’s interests and suggesting engagement to improve India-China ties, Bloomberg&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-08-28/secret-xi-letter-revived-india-ties-after-trump-tariff-barrage">reported</a>, citing an unnamed Indian official.Xi’s letter named a provincial official who would steer Beijing’s efforts. The message was also passed on to Indian Prime Minister Narendra Modi at the time.By August, Indo-Chinese ties appeared to have moved past the souring triggered by&nbsp;a major border skirmish in 2020, with Modi scheduled to visit China for the first time in seven years this weekend.The U.S. has been high-handed with China, setting insurmountable import duties on the country just after Trump first announced the tariff rates for all countries in April.After multiple revisions and rollovers, the current rates are lower, with the U.S. and China engaged in talks for a permanent agreement, giving global markets some relief.India's negotiations with its long-time friendly partner soured rather abruptly when Trump last month accused India of supporting Russia and its war in Ukraine by buying large quantities of Russian oil. The U.S. imposed a steep 50% tariff rate on Indian imports in retaliation.In July, Indian External Affairs Minister Subrahmanyam Jaishankar met with his Chinese counterpart, Wang Yi, in Beijing,&nbsp;marking the first such visit in five years. China assured India of supplies of fertilizer and rare earths during the meeting, and in the coming weeks, a series of steps were taken to improve ties.According to Bloomberg, direct flights between India and China&nbsp;are expected to resume next month. Beijing has eased curbs on urea shipments, while India has resumed tourist visas for Chinese nationals.India's Adani Group is also exploring a tie-up with Chinese EV giant BYD, which would allow the conglomerate to manufacture batteries in India.For now, the moves to normalize relations between New Delhi and Beijing remain incremental, according to the report.In a separate&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/kim-putin-xi-to-stand-shoulder-to-shoulder-in-beijing-parade-amid-growing-tensions-with-trump/chsCCssRdlu">development</a>, North&nbsp;Korean leader Kim Jong Un has accepted Xi's invitation to attend a parade in Beijing next month, alongside Russian President Vladimir Putin. It would be the first in-person meeting between Kim and Xi since 2019.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/alibaba-seeks-6-5-b-loan-refinancing-as-it-pours-cash-into-cloud-ai-and-food-delivery-wars-report/chs6bCXRdl6">Alibaba Seeks $6.5B Loan Refinancing As It Pours Cash Into Cloud, AI And Food Delivery Wars: Report</a>

Indian Prime Minister Narendra Modi (L) with Chinese President Xi Jinping (R) prior to the dinner on September 4, 2017 in Xiamen, China. (Photo by Mikhail Svetlov/Getty Images)

Trump Tariffs Pushed China's Xi To Quietly Court India, Triggering Rare Cooperation Between Asian Rivals: Report

China first reached out to India in March to improve ties, and both sides have been engaging constructively since June.

White House trade adviser Peter Navarro escalated criticism of India on Wednesday, accusing Prime Minister Narendra Modi of financing Russia’s war in Ukraine through discounted oil purchases and dubbing the conflict “Modi’s war.”&nbsp;His comments came hours after the Trump administration doubled tariffs on Indian goods to 50%, the highest reciprocal levies in Asia, affecting more than 55% of shipments to the U.S, though electronics and pharmaceuticals remain exempt, according to a Bloomberg&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-08-27/navarro-calls-ukraine-modi-s-war-hits-india-over-russian-oil">report</a>.&nbsp;Navarro said India’s actions undermine U.S. workers, businesses, and taxpayers, while describing New Delhi’s stance as “arrogant” and urging it to “act like the world’s biggest democracy.” The trade adviser argued that cheaper Russian oil helps the Kremlin sustain its war while costing Americans jobs and income.The tariff hike follows months of stalled negotiations, as India has objected to Washington’s protectionist policies, particularly those affecting agriculture.&nbsp;Meanwhile, New Delhi has defended its continued Russian crude imports as necessary to contain domestic energy costs, calling U.S. measures “unfair, unjustified and unreasonable.”Although Russia’s oil exports are not sanctioned, with the U.S. and G7 previously endorsing purchases under a $60-per-barrel price cap,&nbsp; India has become one of the largest buyers of seaborne Russian crude since 2022.China remains Moscow’s largest customer, though the Trump administration has maintained a softer approach toward Beijing as part of a broader trade truce.Trump has pledged to end the war but has so far failed to bring Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to the table, despite direct meetings with both leaders.&nbsp;He has warned of “very serious” consequences if peace efforts stall, though no new penalties have been imposed.On Stocktwits, retail sentiment was reported as ‘bullish’ on the SPDR S&amp;P 500 ETF Trust (SPY) and ‘bearish’ on the Invesco QQQ Trust (QQQ), both with ‘normal’ message volume, while sentiment on the iShares MSCI India ETF (INDA) was ‘neutral’ with ‘high’ message volume.So far this year,&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPY</a> is up 11%,&nbsp;<a href="https://stocktwits.com/symbol/QQQ">QQQ</a> gained 12.5%, while&nbsp;<a href="https://stocktwits.com/symbol/INDA">INDA</a> inched up 0.1%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Peter Navarro, former White House trade adviser, speaks during the third day of Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, United States, on July 17, 2024. (Photo by Jacek Boczarski/Anadolu via Getty Images)

Navarro Slams India Over Discount Crude — Says ‘Modi’s War’ Is Funding Russia’s Military Effort In Ukraine

The remarks followed Washington’s decision to double tariffs on Indian goods to 50%, deepening tensions after stalled trade talks and New Delhi’s defense of its energy ties with Moscow.

OpenAI on Tuesday announced its cheapest ChatGPT subscription plan yet, starting with a rollout in India, according to a company blog post.The effort is meant to attract more users in India, the world's most populous country, and already ChatGPT's&nbsp;second-largest&nbsp;market.The new ChatGPT Go plan is priced at 399 rupees ($4.57) a month. That compares to the $20-a-month ChatGPT Plus, the most affordable plan earlier.The move echoes a similar strategy by streaming giant Netflix, which introduced a cheaper plan for mobile-only use, initially in India before expanding to other markets.Announcing the launch on the social media platform X, Vice President and head of the ChatGPT app Nick Turley <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/nickaturley/status/1957613818902892985">said</a> ChatGPT Go offers users 10 times higher message limits, image generation, and file uploads, and twice the memory compared to the free version."Making ChatGPT more affordable has been a key ask from users! We're rolling out Go in India first and will learn from feedback before expanding to other countries," Turley added.OpenAI currently offers two other paid plans: ChatGPT Plus, which costs 1,999 rupees a month in India or $20 internationally, and its top-tier ChatGPT Pro,&nbsp;which is priced at 19,900 rupees a month in India or $200 internationally.The development comes as rival Perplexity offers its Pro subscription, for free over a limited time, to top Indian colleges and to users through a partnership with telecom company Airtel.<a href="https://stocktwits.com/symbol/OPENAI">OpenAI</a> has accelerated the pace of new rollouts this year, with ChatGPT-5 being its biggest product update in the recent past. The company, with a nearly $1 billion a month revenue rate and about 700 million monthly active users for ChatGPT, is widely regarded as the top AI company in the world.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ex-jpm-strategist-sees-ai-bubble-building-after-mit-study-shows-95-of-enterprises-invested-in-gen-ai-have-generated-zero-returns/chsg77MRdg2">Ex-JPM Strategist Sees 'AI Bubble' Building After MIT Study Shows 95% Of Enterprises Invested in GenAI Have Generated ‘Zero’ Returns</a>

ChatGPT on App Store displayed on a phone screen. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

OpenAI Channels Netflix Playbook, Introduces Budget ChatGPT Tier In India First 

In 2019, Netflix introduced a cheaper plan for mobile-only use, initially in India before expanding to other markets.

India’s Prime Minister Narendra Modi used his Independence Day address to push for deeper self-reliance and unveil fresh tax reforms, just days after U.S. President Donald Trump doubled tariffs on Indian goods to 50% over its continued oil trade with Russia.&nbsp;Speaking from New Delhi’s Red Fort, Modi urged citizens to produce high-quality goods domestically and achieve self-sufficiency in energy, minerals, technology, and defense, warning against rising “economic selfishness” worldwide, according to a Bloomberg&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-08-15/modi-assails-economic-selfishness-in-defiance-of-trump-tariffs">report</a>.&nbsp;The 103-minute speech took place against the backdrop of worsening trade tensions that New Delhi has branded as “unfair, unjustified, and unreasonable.”&nbsp;The tariff hike, which analysts say could cost India nearly 1% of GDP, has also prompted a diplomatic reset with Beijing.&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/india-china-are-reportedly-poised-for-a-trade-reset-on-rare-earths-fertilizers-pharma-amid-us-tariff-strain/chsRJsGRdaS">Modi will visit China</a> for the Aug. 31–Sept. 1 Shanghai Cooperation Organisation summit, his first in seven years, where discussions on resuming key trade in rare earth magnets, fertilizers, and pharmaceuticals are expected.The Prime Minister said the government will roll out “next-generation” Goods and Services Tax reforms by October to lower the burden on businesses, particularly small and medium enterprises.&nbsp;He also pledged a “new normal” in security policy, rejecting nuclear blackmail and vowing an indigenously built precision defense system.&nbsp;A new task force will be&nbsp;established to implement time-bound policy changes, with Modi describing the moment as an opportunity to “visualize big dreams” and “make history.”On Stocktwits, retail sentiment for the SPDR S&amp;P 500 ETF Trust (SPY) was ‘neutral’ with ‘normal’ message volume.&nbsp;The Invesco QQQ Trust (QQQ) also saw ‘neutral’ sentiment but with ‘high’ message volume, while the Nippon India ETF Nifty BeES (NiftyBees) recorded ‘neutral’ sentiment with ‘extremely low’ message volume.Sentiment for the iShares MSCI India ETF (INDA) was ‘bearish’ with ‘normal’ message volume.So far this year,&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPY</a> is up 10.7% and&nbsp;<a href="https://stocktwits.com/symbol/QQQ">QQQ</a> has gained 13.7%, both outperforming&nbsp;<a href="https://stocktwits.com/symbol/NIFTYBEES.NSE">NiftyBees</a> at 4.8% and&nbsp;<a href="https://stocktwits.com/symbol/INDA">INDA</a>, which is down 0.4%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Prime Minister Narendra Modi of India gestures during a press conference with Britain's Prime Minister Keir Starmer after signing a free trade agreement at Chequers. (Photo by Kin Cheung - WPA Pool/Getty Images)

India PM Modi Calls For More Economic Self-Reliance, Unveils Tax Relief In Aftermath Of Trump’s Tariff Shock

Modi’s remarks come as US-India trade tensions escalate following steep tariff hikes, with upcoming talks in China expected to focus on reviving key commodity flows.

Trump announces 25% tariff on India over Russia ties

Investing.com -- President Trump announced on Wednesday that the United States will impose a 25% tariff plus penalties on India starting August 1, citing the country’s purchases of Russian military equipment and energy.

India could&nbsp;face a tariff higher than the rate agreed upon for some of its Asian peers, even as negotiations between Washington and New Delhi progress toward the final stage.Speaking aboard Air Force One while returning&nbsp;from a five-day visit&nbsp;to Scotland, President Donald Trump hinted at a 20%-25% rate that could apply to India, Bloomberg&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-07-29/trump-says-india-may-pay-20-to-25-tariff-but-not-yet-final">reported.</a> He, however, clarified that the final rates have not been determined.“India has been a good friend, but India has charged basically more tariffs than almost any other country,” Trump told reporters. “You just can’t do that.”The stock market&nbsp;has shown little excitement over the trade deals the Trump administration has clinched with major trading partners, such as Japan and the European Union (EU).On Tuesday, the S&amp;P 500 Index, a measure of broader market performance, closed shy of its record high.The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund that tracks the performance of the S&amp;P 500 Index, has risen 9% year-to-date, while the&nbsp;<a href="https://stocktwits.com/symbol/INDA">iShares MSCI India ETF (INDA)</a> is up a more modest 1.6%.The SPY was among the top five active tickers on Stocktwits late Tuesday, ahead of the big tech earnings and the Federal Reserve’s rate-setting meeting. Sentiment toward the ETF has moved into ‘extremely bullish’ territory as traders discussed the earnings season and geopolitical tensions.The rate flagged by Trump aligned with the levy suggested by a Reuters&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/world/india/india-braces-higher-us-tariffs-eyes-broader-trade-deal-sources-say-2025-07-29/">report</a>, which cited two government officials, stating that India was bracing for a 20%-25% tariff as part of a temporary agreement amid its unwillingness to make concessions on certain items.The goal is to have a final, comprehensive deal in place by September or October.While the “Liberation Day” tariffs were announced first on April 2, Trump imposed a 26% levy on exports from India, in addition to a 10% across-the-board baseline tariff. The implementation of the reciprocal tariff was subsequently paused for 90 days until July 9 and has since been extended to Aug. 1.India was not among the recipients of a series of letters Trump sent to several major trading partners since the deadline extension, communicating revised tariffs.Last week, Indian Commerce Minister Piyush Goyal expressed confidence that India would receive&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/india-wants-tariff-edge-over-rivals-as-commerce-minister-hails-exceedingly-good-progress/choGV3oR5vT">preferential treatment</a> relative to its peers and competitors, reasoning that it was among the first countries to initiate trade deal negotiations with the U.S.New Delhi has reportedly conveyed to the U.S. about specific items that it wouldn’t compromise on, including the disallowance of exports of genetically modified crops and the opening up of the domestic dairy and automobile industries. The country, however, was willing to allow zero tariffs on goods, such as auto parts and pharmaceutical products.&nbsp;U.S. Trade Representative Jamieson Greer reportedly stated on Monday that Washington requires additional time to assess India’s willingness to open its market to American exports.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/this-confectionery-stock-turned-retail-investors-cautious-ahead-of-earnings-but-wall-street-has-a-different-take/choaPg7R5yn">This Confectionery Stock Turned Retail Investors Cautious Ahead Of Earnings, But Wall Street Has A Different Take</a>

U.S. President Donald Trump walks across the South Lawn of the White House after returning on Marine One on July 29, 2025 in Washington, DC. 

Trump Warns ‘Good Friend’ India May Be Hit With 25% Tariff: ‘You Just Can’t Do That’

New Delhi has reportedly conveyed to the U.S. specific items that it will not compromise on, including the prohibition on exports of genetically modified crops and the opening up of the domestic dairy and automobile industries.

Apple, Inc.’s (AAPL) efforts to diversify its production away from China amid the U.S.-China trade standoff are progressing well, going by data released by a market research firm.Data from Canalys, now part of Omdia, showed that “Made-in-India” smartphone shipments to the U.S. increased by 240% year-over-year (YoY) in the second quarter. India-made smartphones accounted for 44% of the smartphones shipped to the U.S. during the second quarter.This marked a sharp rise from the 13% share India held in the second quarter of 2024.India’s gain translated to a loss for China, as “Made-in-China” smartphone shipments to the U.S. accounted for 25% of the total, down notably from 61% in the year-ago quarter.Vietnam’s share of smartphone shipments to the U.S. was 30%, up from 24% a year ago.Even as overall second-quarter global smartphone sales fell 11% YoY to 13.3 million, moderating from the 25% growth in the first quarter, U.S. shipments edged up 1%, benefiting from the pull-forward effect from Trump tariff threats.“India became the leading manufacturing hub for smartphones sold in the US for the very first time in Q2 2025, largely driven by Apple’s accelerated supply chain shift to India amid an uncertain trade landscape between the US and China,” said Sanyam Chaurasia, Principal Analyst at Canalys.“Apple has scaled up its production capacity in India over the last several years as a part of its ‘China Plus One’ strategy and has opted to dedicate most of its export capacity in India to supply the US market so far in 2025.”Despite&nbsp;<a href="https://stocktwits.com/symbol/AAPL">Apple stock</a> languishing amid concerns over stagnant iPhone sales, the tech giant took the pole position in second-quarter smartphone sales. Canalys data showed Apple shipping 13.3 million iPhones in the second quarter, giving it a 49% share of the market. This, however, marked an 11% YoY fall.Samsung took second place, with shipments of 8.3 million and a 31% market share.On Stocktwits, sentiment toward Apple stock remained ‘bullish’ (56/100) early Tuesday, but the message volume stayed at ‘normal’ levels.<figure class="image"><img style="aspect-ratio:620/52;" src="https://news.stocktwits-cdn.com/Screenshot_2025_07_29_at_3_42_29_AM_png_d4993cb96f.webp" alt="Screenshot 2025-07-29 at 3.42.29 AM.png" width="620" height="52"><figcaption>AAPL stock sentiment and message volume as of 3:40 a.m. ET, July 29 | source: Stocktwits</figcaption></figure>Apple stock has fallen over 14% year-to-date,&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nvidia-stock-on-track-for-fresh-peak-after-reportedly-ordering-300-k-h20-ai-chips/cho9NZLR5U3">Nvidia Stock On Track For Fresh Peak After Reportedly Ordering 300K H20 AI Chips From TSMC — Retail Optimism Grows</a>

Customers browse iPhone 16 on the launch day of the iPhone 16 series at Apple BKC, in Mumbai, India, on September 20, 2024. 

India Dethrones China As Top Smartphone Shipper To US In Q2 As Apple’s Supply‑Chain Shift Gains Traction 

Even as overall second-quarter global smartphone sales fell 11% YoY to 13.3 million, moderating from the 25% growth in the first quarter, U.S. shipments edged up 1%.

India, one of Washington’s key allies in Asia, is reportedly seeking preferential trade terms with the U.S. in the ongoing tariff negotiations.India’s Commerce and Industry Minister Piyush Goyal said in an interview with CNBC on Thursday that “India will get a preferential tariff compared to our peers and our competitors, because we were amongst the first to get into negotiations and our discussions, our engagement is truly very, very significant.”President Donald Trump imposed a 26% tariff on India as part of his April 2 “Liberation Day” levies, although he referred to it as a “discounted reciprocal tariff,” arguing that New Delhi had higher tariffs on imports from the U.S.Later, as the U.S. President suspended the implementation of the tariffs across the board, barring a 10% base levy.India did not feature in the list of countries to which Trump sent letters, announcing fresh rates, as the original deadline for the “Liberation Day” tariffs was set to expire.Since Trump extended the tariff deadline to Aug. 1, several Asian countries have struck bilateral pacts with the U.S., with rates of 15% for Japan, 19% for the Philippines and Indonesia, and 20% for Vietnam.Since signals indicating a resolution to the tariff standoff have emerged, the U.S. market has been pushing toward successive new highs. On Thursday, the S&amp;P 500 Index, a measure of the broader U.S. market performance, closed at a record high.The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund that tracks the performance of the S&amp;P 500 Index, has risen 8.9% year-to-date, while the&nbsp;<a href="https://stocktwits.com/symbol/INDA">iShares MSCI India ETF (INDA)</a> is up a more modest 2.70%.Goyal <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2025/07/25/india-expects-preferential-tariffs-in-trade-deal-with-us-says-indias-commerce-minister-piyush-goyal.html">expressed</a> satisfaction with the progress made in the trade talks. The negotiations were “progressing extremely well” toward achieving the $500 bilateral trade target by 2030 — a goal previously set by Indian Prime Minister Narendra Modi, he said.&nbsp;He touted the “excellent relations” he shared with his U.S. counterpart, Howard Lutnick. “The United States and India share a very special relationship, and I’m very confident we’ll do a robust and good deal where both countries benefit and where businesses on both sides are happy,” he added.He also said the quest to clinch a U.S. deal is part of India’s deliberate policy to partner with “developed nations who complement the India story” as opposed to its previous stance of forging partnerships with countries seen as direct competitors.According to the Indian Commerce Ministry, there are still wrinkles that need to be ironed out, including protecting the domestic farmers from foreign competition. “The Trump administration, and my counterparts, are equally cognizant and sensitive about our concerns,” he added.Delving into the trade talks, Keshav Murugesh, chairman of the Confederation of Indian Industry UK Business Forum, told CNBC that “India will not be a pushover.” He said both sides are sufficiently motivated, adding that President Trump “and his people want a good deal with India because, let’s face it, India is the future.”India on Thursday successfully finalized a free trade agreement with the U.K., which provides for the lowering of levies on whisky and car imports from the European nation. In return, India will gain tariff-free access to 99% of imports from day one of the agreement.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/analysts-hail-alphabet-cloud-surge/ch8z5tBR5H6">Analysts Hail Alphabet’s Cloud Surge, AI Push, Sparking Bullish Retail Buzz</a>

Union Commerce and Industry Minister Piyush Goyal during the American Independence Day celebration in the capital, on July 14, 2024 in New Delhi, India. (Photo by Manoj Verma/Hindustan Times via Getty Images)

India Wants Tariff Edge Over Rivals As Commerce Minister Hails ‘Exceedingly Good’ Progress With US Trade Talks 

President Donald Trump imposed a 26% tariff on India as part of his April 2 “Liberation Day” levies, although he referred to it as a “discounted reciprocal tariff.”

BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF

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