FX.co ★ S&P 500, Nasdaq 100 Extend Records Run

On Monday, U.S. stocks showed minimal movement as investors processed a new trade agreement between the United States and the European Union, while also preparing for a week filled with corporate earnings reports and significant economic releases. The S&P 500 inched up slightly to maintain its record levels, the Nasdaq 100 rose by 0.3%, continuing its record-setting streak, whereas the Dow Jones Industrial Average dipped by 64 points. President Trump announced a revised tariff agreement with the EU, lowering the proposed baseline to 15% from the earlier suggested 30%, as anticipation for a U.S.-China trade settlement also gained momentum. Despite the reduction in trade tensions, market sentiment remained cautious, reflecting ongoing concerns about the broader economic impact of tariffs. Energy stocks experienced gains, with Exxon Mobil rising by 1% and Chevron increasing by 0.9%, while the materials sector suffered the heaviest losses. The focus now turns to the upcoming earnings announcements from prominent technology firms including Meta, Microsoft, Apple, and Amazon, as well as the Federal Reserve's policy meeting scheduled for Wednesday. Investors will be keenly observing for any indications regarding a potential interest rate cut in September.