U.S. stock prices remained steady throughout Monday because investors paid more attention to upcoming inflation data and earnings reports than they did to fresh tariff threats from President Trump.
The S&P 500 and Dow Jones Industrial Average maintained steady positions during the day as the Nasdaq Composite rose 0.16% because of Meta and Netflix stock gains. The markets displayed no reaction to President Trump’s announcement about imposing 30% tariffs on EU and Mexican imports because investors have become desensitized to his changing trade statements.
Jay Hatfield from Infrastructure Capital Advisors stated that the market’s main attention now centers on the upcoming consumer price index release and Q2 earnings announcements. People refrain from making substantial market moves before these important events.
The energy sector performed as the worst-performing sector during the trading day while Micron and Intel along with other chipmakers experienced declines. The bitcoin price exceeding $120,000 triggered a 2% increase in Coinbase and MicroStrategy stock prices among crypto-related shares.
RBC Capital increased its S&P 500 year-end projection to 6,250 because of strong market sentiment and positive growth predictions. An adviser to the White House revived the conflict with the Federal Reserve by suggesting Trump might have legal authority to remove Chair Jerome Powell from his position.
The market gives a 60% probability of interest rate cuts during September even though July rate cut odds remain minimal.
