FX.co ★ US Stocks Waver

On Tuesday, U.S. stocks experienced fluctuations between minor gains and losses, driven by ongoing trade developments. Investors felt a slight reprieve thanks to an extended timeline for negotiations. The new tariffs, not scheduled to take effect until August 1st, provide additional opportunity to forge agreements. However, President Trump stated no further extensions will be offered. The Trump administration recently announced updated tariff rates on 14 countries without current trade agreements with the U.S., including a significant 25% levy on Japan. Furthermore, reports suggested that the U.S. has made a proposal to the EU to maintain a 10% baseline tariff. In sector performance, utilities were the biggest underperformers, while the energy sector showed strength. On the corporate side, Tesla saw its shares rise nearly 2.5%, recovering from a 6.8% drop on the preceding Monday. Other major technology companies displayed mixed results: Nvidia saw a positive movement of +0.6%, while Microsoft (-0.4%), Apple (0.5%), Amazon (-1.3%), Meta (-0.2%), Broadcom (-0.1%), and Alphabet (-0.8%) all experienced declines.