Here are five key things investors need to know to start the trading day:
The S&P 500
was able to inch higher on Monday, notching its sixth straight all-time high closing record. While that’s good enough news on paper, it was a rather unexciting move considering the trade deal between the U.S. and European Union announced on Sunday. Monday’s muted action may underscore uncertainty about the many potential catalysts on deck this week. There’s a deluge of earnings reports expected and a Federal Reserve policy meeting, as well as key economic data on labor and inflation due. S&P 500 futures advanced on Tuesday morning as traders wondered if the streak could continue. Follow live market updates here.
With the White House’s Friday tariff deadline just days away, President Donald Trump offered a broad proclamation. Countries that have not ironed out deals with the U.S. will face a base tariff “in the range” of 15% to 20%, he said on Monday. Remember, as CNBC’s Erin Doherty noted, that any rate in this range would be higher than the 10% baseline tariff first announced by Trump in April. With the deadline looming, the question is which countries will manage to secure better deals before time runs out.
