US Stocks Mixed as Trump Tariff Deadline Delayed

U.S. stock markets were mixed after the Trump administration announced new tariffs, including a 25% tax on goods from Japan and South Korea and increased rates for a dozen other countries, with implementation set for August 1. The S&P 500 hovered near record highs, the Nasdaq gained modestly, and the Dow Jones declined amid sector volatility. The tariff deadline was pushed back, giving negotiators more time to reach trade agreements. Rising bond yields, with the 10-year Treasury hitting 4.43%, reflected market concerns over inflation and the impact on potential Federal Reserve rate cuts. Energy and select tech stocks like Tesla and Broadcom rose, while financials such as JPMorgan and Bank of America declined. President Trump warned of possible additional tariffs, including on pharmaceutical drugs, if negotiations stall.