U.S. stock indexes hover near records as Trump hints at possible tariff reversals. S&P 500 edges up by 0.1%, Dow Jones gains 0.2%, and Nasdaq sets a record. Trump delays 30% tariffs on Mexico and EU until Aug. 1, same deadline for updated tax rates on imports from other countries. Speculation suggests Trump may reduce tariffs to avoid recession and market damage. Uncertainty around tariffs may continue to unsettle markets with potential flashpoints ahead, including inflation data and corporate earnings reports. Fastenal reports stronger profit, Kenvue CEO steps down, and Waters agrees to merge with Becton, Dickinson and Co. Bond yields steady, global markets mixed. Chinese exports rise amid trade truce, crypto markets see significant movement with bitcoin setting records.
Read more at Yahoo Finance: Wall Street holds near its record amid doubts about Trump’s tariffs