US stocks closed slightly higher on Monday as investors weighed renewed tariff threats from President Trump against optimism over upcoming earnings and inflation data.
The S&P 500 added 0.1%, the Dow rose 88 points, and the Nasdaq gained 0.3%, supported by gains in tech stocks such as Meta and Netflix.
Trump announced plans to impose 30% tariffs on goods from the EU and Mexico starting August 1, but hopes for continued negotiations helped ease investor concerns.
Markets are also bracing for a wave of second-quarter earnings reports, with major banks such as JPMorgan Chase and Wells Fargo set to report starting Tuesday.
At the same time, investors await the June CPI report, which could reveal how earlier tariffs are affecting inflation and shape expectations for the Fed's next move.
Among megacaps, Nvidia, Microsoft, Apple, and Broadcom traded lower, while Meta and Alphabet posted gains.
Tesla rose 1% after Elon Musk said shareholders would vote on the company's investment in xAI.
