The S&P 500 slightly increased despite President Trump's tariff threats on more countries over the weekend, as investors believe the duties will be negotiated down.
The Dow Jones Industrial Average rose 88.14 points to close at 44,459.65, while the S&P 500 gained 8.81 points to reach 6,268.56. The NASDAQ Composite also added 54.8 points, closing at 20,640.33.
Trump announced 30% tariffs on the EU and Mexico starting August 1, but talks are ongoing to potentially agree on a lower rate. Investors await inflation data and earnings reports this week, with banks like JPMorgan Chase set to release quarterly reports.
The 10-year treasury yields rose slightly to 4.43%, while oil prices fell to $66.92 per barrel and gold prices dropped to $1,352.70 per ounce.