FX.co ★ US Stocks Kick Off the Week in The Red

U.S. stocks experienced a decline on Monday, with the S&P 500 decreasing by 0.4%, the Nasdaq dipping 0.7%, and the Dow Jones slipping nearly 80 points. As investors returned after a long weekend, they were met with new trade developments to consider. President Trump revealed plans to introduce new trade agreements, while also sending formal notifications to countries lacking such agreements, detailing forthcoming tariff levels. He confirmed that reciprocal tariffs are set to commence on August 1, allowing for a three-week negotiation period as the current 90-day truce concludes this Wednesday. Additionally, Trump cautioned that countries aligning with the "anti-American policies" of the BRICS bloc would incur an extra 10% tariff. Among the sectors, consumer discretionary saw the largest losses, whereas real estate managed to remain in the positive. Tesla's shares plunged more than 7% following Elon Musk's announcement of his intention to establish a new political party, sparking investor apprehension about potential adverse effects on Tesla's brand and sales.