FX.co ★ US Equities Gain Slightly Ahead of CPI, Despite Tariff Jitters

U.S. stocks experienced modest gains on Monday, as investors balanced President Trump's renewed threats of tariffs with optimism surrounding forthcoming earnings reports and inflation data. The S&P 500 inched up by 0.1%, the Dow increased by 88 points, and the Nasdaq climbed 0.3%, buoyed by advancements in technology stocks like Meta and Netflix. President Trump unveiled intentions to implement 30% tariffs on products imported from the EU and Mexico starting August 1. However, ongoing negotiations provided some relief to investors' concerns. The market is also preparing for a surge in second-quarter earnings releases, with prominent financial institutions such as JPMorgan Chase and Wells Fargo commencing their reports on Tuesday. Concurrently, market participants are anticipating the June Consumer Price Index report, which could give insights into the impact of previous tariffs on inflation and inform expectations for the Federal Reserve's next steps. Among the large-cap stocks, Nvidia, Microsoft, Apple, and Broadcom experienced declines, while Meta and Alphabet registered gains. Tesla advanced by 1% after Elon Musk announced that shareholders would vote on the company's investment in xAI.