The S&P 500 and Nasdaq hit new highs before cooling off on news of a possible 15-20% tariff on European goods by President Trump. Despite trade tensions, markets rose on upbeat U.S. economic data. Key market moves include record highs for indices, tech gains, weakening yen, Bitcoin fluctuations, and rising platinum prices. Fitch economists raise U.S. tariff rate projection to 19.4%. Investors await U.S. earnings reports and ECB policy decision. Japanese election could impact public finances and yen. Policymakers face challenges amid record bond yields. Potential market movers on Monday include Japanese election results and inflation data from Taiwan, New Zealand, and Canada.

Read more at Yahoo Finance: Tariff cloud reappears over sunny Wall Street