U.S. stocks showed mixed movements during midday on Monday, with the Nasdaq and the S&P 500 reversing to positive territory. U.S. President Donald Trump threatened over the weekend to impose high tariffs on more countries. The European Union is preparing to apply retaliatory tariffs on U.S. products worth 72 billion euros. This week, the market will also be attentive to second-quarter earnings reports on Wall Street.
Last week, the three main stock indices in the United States recorded losses, although they remain close to their historical highs. The S&P 500 slightly fell by 0.31%, ending three consecutive weeks of gains, the Dow Jones dropped by 1.02%, breaking its three-week winning streak, and the Nasdaq retreated slightly by 0.08%, also interrupting three weeks of increases.
European companies began the week assimilating and analyzing Trump's new trade threats, who warned that starting August 1, he would impose a 30% tariff on imports from the European Union, without mentioning the possibility of special treatment for sectors such as automotive or alcoholic beverages.