FX.co ★ US Stocks Tick Higher Amid Trade Tensions Ahead of CPI

On Monday, U.S. stock markets experienced a modest uptick as investors largely disregarded the recent tariff threats issued by President Trump, choosing instead to concentrate on upcoming pivotal events. The week marks the beginning of the second-quarter earnings season, along with the anticipated release of June's inflation figures. The S&P 500 saw an increase of 0.2%, the Dow advanced by more than 50 points, and the Nasdaq rose by 0.4%, buoyed by gains in technology stocks such as Meta and Netflix. Trump's declaration of 30% tariffs on products from the European Union and Mexico, effective August 1, raised concerns about the implications for global trade and inflation. This week, major financial institutions including JPMorgan and Wells Fargo, will report their earnings, as investors examine these results for indications of economic vitality. Additionally, Tuesday's Consumer Price Index (CPI) report is expected to reflect any inflationary pressures arising from the tariffs, potentially influencing Federal Reserve policy. Among the large-cap stocks, Nvidia, Microsoft, Apple, and Broadcom saw declines, whereas Meta and Alphabet recorded gains, and Amazon remained relatively stable. Tesla saw its share price rise by 2.1% following Elon Musk's announcement regarding a forthcoming shareholder vote on the company's investment in xAI.