Investors Await Tariff News as Stocks See Support

The S&P 500, Dow Jones, and Nasdaq are all up today. President Trump updates trade status, threatening tariffs on copper and drug imports. US MBA mortgage applications rise, while China’s PPI falls. Earnings season begins with modest growth projections. Overseas markets mixed as US tariff concerns linger. Fed may cut rates at July meeting.

Stock movers include AES Corp, Bloom Energy, Doximity, Starbucks, Aehr Test Systems, Tandem Diabetes, Illumina, T-Mobile US, Wynn Resorts, and Merck. Earnings reports for AZZ Inc, Barnes & Noble Education, Bassett Furniture, Gencor Industries, Methode Electronics, and Pure Cycle today.

Market focus on trade news, FOMC minutes, and unemployment claims. Federal funds futures price in rate cut chances. European bond yields steady. T-note yield down ahead of auction. ECB may cut rates. US market outlook remains cautious amidst trade tensions.

Read more at Nasdaq: Stocks See Support as Investors Await Tariff News