Stock indexes are mixed today, with the S&P 500 down -0.15%, Dow Jones down -0.49%, and Nasdaq up +0.03%. Concerns about tariffs and higher bond yields are impacting stocks, with the 10-year T-note yield up +4 bp. Tech stocks are strong, aiding the recovery from last Friday’s decline.

Fed Chair Powell’s dovish comments are overshadowed by concerns about inflation due to tariffs. US economic data shows mixed results, with Chicago Fed index falling and new home sales dropping. Diplomatic efforts in Ukraine remain inconclusive, while President Trump expands steel and aluminum tariffs to more goods.

Tariff truce with China extended till November, while India faces increased tariffs. Markets await new tariff developments and Ukraine-Russia peace talks. Economic data this week includes capital new orders and home price index. Earnings reports show strong Q2 growth, with over 94% of S&P 500 firms exceeding profit estimates.

T-note yields rise, concerns over inflation limit upside. European bond yields also higher, with the German IFO survey showing improvement. ECB expected to hold rates steady. Furniture and crypto stocks decline, while tech giants like Nvidia and Amazon see gains. Earnings reports impact stock movers like Keurig Dr Pepper and Axogen.

Intel gains as US government takes stake, MarketAxess Holdings also sees uptick. Earnings reports expected from HEICO Corp, Napco Security, PDD Holdings, and Semtech Corp. Overseas markets show mixed results, with Euro Stoxx down and Shanghai Composite reaching new high. Market focus remains on tariffs, geopolitical events, and economic data releases.

Read more at Nasdaq: Stocks Turn Mixed on Strength in the Magnificent Seven Megacaps