Stocks started the day strong but pulled back, with the Nasdaq down 0.03%, the S&P 500 down 0.37%, and the Dow down 0.74%. Meta Platforms and Microsoft reported strong earnings, sending their stocks up. Concerns over trade tensions with China and Mexico lingered. Consumer prices in the US rose as expected in June. Semiconductor and pharmaceutical stocks saw significant declines, while software and computer hardware stocks showed strength. Asian markets fell, European markets declined, and US treasury yields dipped. Focus shifts to the monthly jobs report and manufacturing activity data on Friday, with Apple and Amazon reporting earnings.

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