U.S.Stocks Tread Water as Tariff Concerns Linger
U.S. stocks opened flat on Tuesday. Traders hoped for gains after President Trump delayed sweeping tariffs. Though, China warned against renewed trade tensions. The Dow Jones Industrial Average was mostly flat, losing 40 points. The S&P 500 dipped 0.3%, slowing from its record highs. The Nasdaq Composite also fluctuated, down 0.2%.
On Monday, stocks lost ground due to Trump’s tariff threats. The Dow fell over 400 points, and the S&P 500 closed 0.79% lower. Nasdaq ended down 0.92%.Futures tied to major gauges cut these losses as the new tariffs deadline was set for August 1, 2025. However, trade tension fears still affect the market mood.
Cryptocurrencies were also flat, with bitcoin near $108k. Oil prices steadied around $67.
Trump’s tariff threats against Japan, South Korea, and others had investors worried. China warned against escalating trade tensions. Beijing is ready to retaliate against countries that align with the U.S. under exclusionary deals.
Investors will now focus on economic data, the Federal Reserve’s June meeting minutes, and corporate earnings.
