The S&P 500, Dow Jones, and Nasdaq are down today, with futures also in the red. European leaders are meeting with President Trump to discuss the Russian-Ukrainian war, which could impact tariffs and oil prices. Concerns also arise about consumer impact from Trump’s tariffs, affecting big US retailers’ stocks like Walmart and Target.

Market focus is on tariffs and peace talks in Ukraine, with housing data and Fed meeting minutes this week. President Trump plans tariffs on steel and semiconductors, while extending the China tariff truce. US tariff rates could rise significantly, impacting the economy and trade relations globally.

Q2 earnings reports show S&P 500 profits up +9.1% y/y, exceeding expectations. Overseas markets are mixed, with the Euro Stoxx down and Chinese and Japanese stocks up. Interest rates are slightly up for T-notes, while European bond yields are down. The ECB is expected to cut rates by 5%.

Natural gas stocks are down on oversupply concerns, while cryptocurrency-exposed stocks drop with Bitcoin prices. Madrigal Pharmaceuticals falls after a rival’s drug approval, and Northern Oil & Gas slumps post-downgrade. Dayforce rises on acquisition talks, Duolingo and EPAM gain on positive analyst coverage, and UnitedHealth and CVS climb on investor interest.

Earnings reports from Palo Alto Networks and XP Inc are expected today. Stocks fluctuate based on market news, geopolitical events, and company performance, impacting market indices and individual stock prices. Market sentiment remains cautious amid uncertainty over tariffs, global trade, and economic outlook.

Read more at Nasdaq: Stocks Slightly Lower on Concern Over Progress to End Russian-Ukrainian War