Stock indexes, including the S&P 500 and Dow Jones, are slightly up today, led by software stocks like MongoDB surging 32% after strong Q2 earnings. Bond yields rise, concerns about Fed independence impact market. New York Fed President remains optimistic about the economy’s direction, hints at possible rate adjustments. US MBA mortgage applications fall slightly. President Trump threatens new tariffs, causing market uncertainty.

Overseas markets show mixed results, with the Euro Stoxx 50 up and China’s Shanghai Composite down. US stock movers include MongoDB and Atlassian rising, while chip makers like Microchip Technology and ON Semiconductor fall. Kohl’s and nCino see gains, while JM Smucker and SBA Communications are down. Tariff news continues to impact market sentiment.

Interest rates are slightly down as inflation expectations rise. European bond yields are lower, with German bund and UK gilt yields falling. The German consumer confidence survey shows a decrease. Swaps indicate a low chance of an ECB rate cut. Earnings reports for Q2 show positive growth, exceeding expectations. Federal funds futures predict rate cuts at upcoming FOMC meetings.

As markets await Nvidia’s earnings, focus shifts to fresh tariff news and developments in the Ukraine-Russian war. Economic data on GDP, unemployment claims, personal spending, and inflation are expected this week. Tariff truces with China and increased tariffs on US imports from India impact market dynamics. Companies like Okta, American Eagle Outfitters, and Elanco Animal Health see gains.

Read more at Yahoo Finance: Stocks Rebound Ahead of Nvidia’s Earnings