Traders work on the floor of the New York Stock Exchange (NYSE) on July 28, 2025 in New York City.
Spencer Platt | Getty Images
The S&P 500 rose slightly on Monday as investors showed limited enthusiasm over a highly anticipated trade deal announced between the U.S. and the European Union.
The broad market index inched up 0.08% after touching a fresh record-high shortly after the opening bell. The Dow Jones Industrial Average hovered near the flatline, while Nasdaq Composite added 0.3%. The technology-heavy index also hit a record on Monday.
The moves came after President Donald Trump announced Sunday that the U.S. has reached an agreement with the European Union to lower tariffs to 15%. The president had previously threatened 30% tariffs on most imported goods from the U.S.’s largest trading partner. On Monday, Trump said that the global baseline tariff for countries that have not renegotiated with the U.S. will likely be between 15% to 20%.
“While sentiment is increasingly bullish, there’s some hesitation about chasing stocks at record highs in the immediate term off something that was widely expected ahead of what is going to be one of the busiest weeks of the entire year,” Adam Crisafulli of Vital Knowledge said in a note.
This week, Wall Street will be examining earnings from several major tech companies, a key Federal Reserve meeting, Trump’s tariff deadline on Friday and important inflation data. It will be the busiest week of earnings season.
More than 150 companies in the S&P 500 are due to post their quarterly results, including “Magnificent Seven” names Meta Platforms and Microsoft on Wednesday, followed by Amazon and Apple on Thursday. Investors will be listening for companies’ comments on AI spending for direction on whether big investments in hyperscalers this year are justified.
The Fed will also hold its two-day policy meeting, concluding on Wednesday. Although the central bank is expected to keep its key short-term interest rate at its current target range of 4.25%-4.5%, investors will be looking for clues about whether a rate cut could be on the table at the September meeting.
Though there is little on the economic docket Monday, the rest of the week holds a variety of pivotal releases.
The first glance at second-quarter economic growth will happen Wednesday when the Commerce Department releases its estimate on real gross domestic product growth. Economists surveyed by Dow Jones expect the U.S. economy grew at a 2.3% annualized pace for the April-through-June period, following a 0.5% decline for the first quarter.
“This week is one traders dream of and also fear. There are so many adventures from which to choose,” said Jay Woods, chief global strategist at Freedom Capital Markets. “What will be the biggest headline between the FOMC decision and the Fed Chair press conference?”
Tariffs and their effect on inflation will remain in focus on Thursday as traders get the June personal consumption expenditures price index, the Fed’s preferred measure of inflation. The report is expected to show, core inflation, which excludes food and energy, holding steady at 2.7% and headline inflation rising to 2.5%, according to Dow Jones consensus estimates.
Investors will also get a batch of jobs-related data this week, including the Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday, ADP’s private payrolls report on Wednesday, initial jobless claims Thursday and, on Friday, the critical July jobs report. The report is expected to show the economy added 102,000 jobs in July, down from 147,000 in June. The unemployment rate is expected to show a slight bump to 4.2% from 4.1%.
19 stocks in the S&P 500 trade at new 52-week highs
During Monday’s session, 19 stocks in the S&P 500 were trading at new 52-week highs.
Of these names, 12 tickers were trading at new all-time highs. Stocks that hit this milestone included:
- Parker Hannifin trading at all-time high levels back to its IPO in 1964
- Trane Technologies trading at all-time high levels back through Ingersoll Rand’s history, before its recent merger with Gardner Denver
- Eaton trading at all-time high levels back to its IPO in July 1923
- Johnson Controls trading at all-time high levels back to when it began trading in 1940
- TransDigm Group trading at all-time high levels since its IPO in March 2006
- Goldman Sachs trading at all-time high levels back to its IPO in May 1999
- Ralph Lauren trading at all-time highs back to its IPO in June 1997
- NVIDIA trading at all-time high levels back to its IPO in January 1999
- Broadcom trading at all-time high levels back through Avago’s IPO on the NASDAQ in August 2009
- TE Connectivity trading at all-time highs back to its IPO in 2007
- VeriSign trading at all-time high levels back to its IPO in January 1998
- Intuit trading at all-time high levels back to its IPO in 1993
Charter Communications was the only stock trading at a new 52-week low.
— Lisa Kailai Han
Trump announces global baseline tariff likely between 15% to 20%
US President Donald Trump speaks during a bilateral meeting at the Trump Turnberry Golf Courses, in Turnberry south west Scotland on July 28, 2025.
Christopher Furlong | Afp | Getty Images
On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements.
“For the world, I would say it’ll be somewhere in the 15 to 20% range … I just want to be nice,” Trump said alongside United Kingdom Prime Minister Keir Starmer. “I would say in the range of 15 to 20%, probably one of those two numbers.”
Trump had previously announced that baseline tariffs would be just 10%. The president’s tariffs are expected to go into place on Aug. 1.
— Erin Doherty, Lisa Kailai Han
‘Traders dream of and also fear’ this week, says market strategist
It’s the busiest week of the earnings earnings. There’s also a Federal Reserve meeting, key economic data on labor and inflation and a tariff deadline on the docket.
Safe to say, investors are on the edge of their seats.
“This week is one traders dream of and also fear,” said Jay Woods, chief global strategist at Freedom Capital Markets.
“There are so many adventures from which to choose,” he added.
— Alex Harring
S&P 500 opens slightly higher
The S&P 500 opened higher on Monday, as investors look toward a key week of data that includes the Federal Reserve’s interest rate decision and a slew of corporate earnings.
The broad market index added 0.1% and hit a fresh record shortly after the opening bell. The Dow Jones Industrial Average was 0.1% lower, while the Nasdaq Composite added 0.3%.
— Brian Evans
LNG stocks jump after Europe agrees to large U.S. energy purchases
The LNG (liquid natural gas) tanker, Energy Glory, comes in to the Grain LNG importation terminal, operated by National Grid Plc, after making its way from Cove Point LNG Terminal, an offshore LNG shipping terminal operated by BHE GT&S, in Maryland, US on February 10, 2025 in Grain, England.
Dan Kitwood | Getty Images News | Getty Images
Stocks of liquified natural gas companies jumped premarket after the European Union agreed to purchase $750 billion worth of U.S. energy as part of a trade deal.
Shares of Cheniere were up about 4%, Venture Global rose more than 5% and NextDecade added more than 4%.
“Purchases of US energy products will diversify our sources of supply and contribute to Europe’s energy security,” EU President Ursula von der Leyen said in a statement over the weekend. “We will replace Russian gas and oil with significant purchases of US LNG, oil and nuclear fuels.”
— Spencer Kimball
Stocks making premarket moves
Cisco shares slide following Evercore ISI downgrade
Cisco shares ticked more than 1% lower in Monday’s premarket after Evercore ISI moved to the sidelines.
Analyst Amit Daryanani lowered his rating to in line from outperform. But Daryanani kept his price target unchanged at $72 in what he called a “no drama” downgrade, meaning he still sees the stock rising more than 4% over Friday’s closing level.
“We think the management team has done a solid job in gaining traction in cloud/AI markets and the overall company strategy remains solid,” Daryanani wrote in a Monday note to clients announcing the downgrade. “But we think the upside is largely priced in, creating a more balanced risk/reward over the next twelve months.”
— Alex Harring
Defense stocks rally on Trump’s US-EU trade deal announcement
U.S. President Donald Trump meets with European Commission President Ursula von der Leyen (not pictured), in Turnberry, Scotland, Britain, July 27, 2025.
Evelyn Hockstein | Reuters
Stock volatility could increase in the near term, says UBS
Equities could face heightened volatility in the near-term, according to UBS, as the recent rally that pushed stocks to several record-highs has pushed up valuations. Investors also have to contend with the still somewhat unclear impact of tariffs and U.S. debt worry, the firm said.
“Investors who are already allocated to equities in line with their strategic benchmarks should consider implementing short-term hedges and those under allocated should prepare to add exposure on potential market dips in the weeks ahead,” UBS Global Wealth Management head of U.S. equities David Lefkowitz wrote on Monday.
“While near-term volatility is likely amid trade uncertainty, we expect US stocks to rise over the next 12 months,” he added.
— Brian Evans
Asia-Pacific markets end the day mixed
Asia-Pacific markets ended the day mixed Monday.
Hong Kong’s Hang Seng Index rose 0.68% to close at 25,562.13, while mainland China’s CSI 300 index increased by 0.21% to 4,135.82.
Meanwhile, South Korea’s Kospi index advanced 0.42% to close at 3,209.52, while the small-cap Kosdaq declined 0.32% to 804.40.
Australia’s S&P/ASX 200 benchmark increased by 0.36% to end the day at 8,697.70.
Over in India, the 50-stock benchmark Nifty 50 fell 0.67%, while the BSE Sensex index lost 0.64% as of 1.45 p.m. Indian Standard Time (4.15 a.m. ET).
— Amala Balakrishner
Samsung shares surge more than 6% to over 10-month high
Samsung products are seen on a salesroom floor on July 8, 2025 in Miami, Florida.
Joe Raedle | Getty Images
Shares of Samsung Electronics surged as much as 6.07% to hit 69,900 on Monday, its highest level since Sept. 5, 2024.
Shares of the South Korean memory chipmaker rallied following its $16.5 billion contract to supply semiconductors to Tesla, as confirmed by the latter’s chief Elon Musk in a post on X.
— Amala Balakrishner
Trump strikes EU trade deal for 15% tariffs on most goods
U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025.
Evelyn Hockstein | Reuters
President Donald Trump and European Commission President Ursula von der Leyen on Sunday announced the U.S. has reached a trade deal with the European Union.
Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars. The U.S. president previously had threatened 30% tariffs on goods from the EU.
Without providing details, Trump said the EU also agreed to purchase $750 billion worth of U.S. energy and invest an additional $600 billion worth of investments into the U.S. above current levels.
— Erin Doherty
Stock futures open higher on Sunday night
U.S. equity futures opened higher on Sunday evening after President Donald Trump announced an EU trade deal with 15% tariffs.
Futures tied to the Dow Jones Industrial Average rose 161 points, or 0.36%. S&P 500 futures were also higher by 0.2% and Nasdaq 100 futures jumped 0.4%.
— Tanaya Macheel