US Stocks Hit Record Highs Amid Tariff Uncertainty

U.S. stock markets reached fresh record highs on Monday, as the S&P 500 and Nasdaq hit new all-time highs, though the Dow edged down slightly. Strong corporate earnings and anticipation of upcoming tech results from Alphabet and Tesla fueled investor optimism. Verizon rose after beating profit forecasts and raising its outlook, while Block surged on news of its addition to the S&P 500. Cleveland-Cliffs also rallied on strong results, but General Motors faced challenges due to higher import prices, illustrating the mixed impact of tariffs on various sectors. Investors are watching for a possible U.S.-EU trade deal before the August 1 tariff deadline, amid ongoing uncertainty as President Trump threatens new tariffs. Despite these headwinds, robust tech earnings are viewed as pivotal to sustaining market momentum.