The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.14%. September E-mini S&P futures (ESU25) are up +0.10%, and September E-mini Nasdaq futures (NQU25) are up +0.15%.
Stocks have stabilized today following Monday’s retreat as recent tariff announcements suggested there is room for further negotiations. Late Monday, President Trump said he’s still open to additional trade talks and that the August 1 deadline for higher tariff rates was “not 100% firm,” adding, “we’re not going to be unfair” and would look favorably on countries continuing to offer additional concessions. Monday afternoon, President Trump announced plans to hike tariffs on several countries, including Japan, South Korea, Laos, South Africa, Myanmar, and Malaysia, with rates ranging from 25% to 40%, effective August 1.
