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S&P 500 Posts Small Gain on Hope for Lower Tariffs

  • 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.

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