Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all in the red. Concerns about tariffs impacting inflation and corporate profits are weighing on stocks. Bond yields are up, with the 10-year T-note yield rising to 4.28%.

Despite dovish comments from Fed Chair Powell, fears of rising inflation due to tariffs are affecting market sentiment. US economic news today was bearish, with the July Chicago Fed national activity index falling more than expected.

Geopolitical tensions persist as the US tries to broker peace in Ukraine. Talks are stalled, with no meeting planned between Russian and Ukrainian leaders. President Trump’s expanded tariffs on steel and aluminum are now in effect for over 400 consumer goods.

Earnings reports show S&P 500 Q2 earnings are exceeding expectations, with over 82% of companies beating profit estimates. Markets will focus on tariff news and Ukraine-Russia developments this week. Economic data and corporate earnings will also be key factors to watch.

Fed funds futures indicate an 82% chance of a rate cut in September. Tariff truces with China and India are extended, impacting global trade. Overseas markets are mixed, with Euro Stoxx down and China’s Shanghai Composite hitting a 10-year high.

Interest rates are up slightly today, with T-notes facing pressure from inflation concerns. European bond yields are higher, with Germany’s IFO business climate survey beating expectations. Swaps are pricing in a low chance of an ECB rate cut in September.

US stock movers today include furniture stocks falling on tariff concerns, and cryptocurrency-exposed stocks retreating. Keurig Dr Pepper is down after a major acquisition announcement. Eversource Energy faces challenges with a blocked wind farm project.

Notable stock movements include Axogen down on FDA review extension, and American Eagle Outfitters downgraded by analysts. Dyne Therapeutics and Fabrinet see upgrades, while PDD Holdings leads gainers with strong Q2 revenue.

MarketAxess Holdings and Venture Global are also up today after analyst upgrades. Earnings reports to watch include HEICO Corp, Napco Security Technologies, PDD Holdings, and Semtech Corp.

Overall, market trends are influenced by tariff news, geopolitical tensions, and economic data releases. Stay informed on key developments to navigate market volatility.

Read more at Nasdaq: Stocks Pressured by Rising Bond Yields