Stocks Edge Higher Amid Trade Uncertainty

US stocks are slightly up as investors digest President Trump’s plans for 50% tariffs on imports, causing copper prices to surge 13%. Trump also hinted at tariffs on semiconductors and pharmaceuticals, sending Wall Street into a wait-and-see mood. The minutes from the Fed’s previous meeting, where they warned of tariff impacts, are due today, potentially affecting stock prices and the USD. Amazon’s Prime Day continues, defense stocks are rising, and US banks are gearing up for earnings season. The Dow Jones nears record highs, while the USD rises and the EUR/USD falls amid trade talks uncertainty. Oil prices hold steady at a two-week high, despite rising US crude inventories and positive Chinese inflation data.

Read more at Investing.com: Amazon, Defense Stocks in Spotlight Amid Trade and Consumer Uncertainty