Wall Street Pauses As Tariff Concerns Rise, Dollar Eyes Third Straight Gain: What's Moving Markets Monday?

U.S. equities traded sideways on Monday as investor sentiment wavered following PresidentDonald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set totake effect August 1.Investor sentiment was further clouded by inflation concerns ahead of Tuesday's consumer price index release. Economists anticipate an annual rise from 2.4% to 2.7%, suggesting that companies may be starting to pass on higher import costs to consumers.The second-quarter earnings season for major U.S. banks kicks off Tuesday, withJPMorgan Chase & Co.JPM,Citigroup Inc.C,Wells Fargo & Co.WFC, andBlackRock Inc.BLKall slated to report results before the bell.Among sectors, energy stocks lagged as oil prices dropped 1.5% to below $67.60 per barrel. The decline came after Trump stopped short of imposing new sanctions on Russian oil, disappointing markets that had anticipated a tougher stance. While Trump did threaten 100% secondary tariffs on Russian energy exports if a ceasefire isn’t reached within 50 days, the lack of immediate measures weighed on crude.In contrast, U.S. natural gas prices rose by more than 3%, with futures surpassing $3.40 for the first time in over a week, as rising LNG exports and forecasts for hotter-than-average weather through late July sustained demand.The U.S. dollar index strengthened for a third straight session, up 1.4% since the start of July, and potentially snapping a five-month losing streak.Bond markets saw continued volatility, with the 30-year Treasury yield surging to 4.98% — its highest since early June.In precious metals, gold slipped 0.3% while silver also edged down 0.3% after hitting a fresh 14-year high last week.BitcoinBTC/USDrose 0.7% on the day but trimmed earlier gains, pulling back from its record high of $123,278.Monday’s Performance In Major US Indices, ETFsMajor IndicesPrice1-day %Nasdaq 10022,859.070.3%Russell 20002,238.860.2%S&P 5006,262.130.0%Dow Jones44,372.640.0%Updated by 12:35 p.m. ETAccording toBenzinga Prodata:TheVanguard S&P 500 ETFVOOflattened at $573.40.TheSPDR Dow Jones Industrial AverageDIAheld steady at $443.51.The tech-heavyInvesco QQQ Trust SeriesQQQinched 0.2% higher to $555.64.TheiShares Russell 2000 ETFIWMedged 0.2% higher to $222.13.TheCommunication ServicesSelect Sector SPDR FundXLCoutperformed, up 0.8%; theEnergy Select Sector SPDR FundXLElagged, down 1.5%.Monday’s Stock MoversShares ofFastenal Co.FASTclimbed 1.5% after the company beat analysts’ estimates on both profit and revenue for the second quarter.Ansys Inc.ANSSshares rose 3.9% after Synopsys secured regulatory approval from China for its $35 billion acquisition, paving the way for the deal to close.Constellation Brands Inc.STZfell nearly 5% amid concerns over proposed U.S. tariffs on Mexican imports. The company, heavily reliant on Mexican beer brands, could face rising costs, with analysts projecting a decline in operating margins for its beer segment this fiscal year.APA Corp.APAfell 4% after Jefferies raised its price target to $19 from $17, while maintaining a cautious outlook on the stock.Defense stocks extended gains on Monday, with theiShares U.S. Aerospace & Defense ETFITAhitting fresh record highs after President Donald Trump announced new military equipment shipments to Ukraine.Read now:June Inflation May Be Hiding A Nasty Surprise For Wall StreetPhoto: ShutterstockLoading...Loading...$BTCBitcoin$120266.990.96%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum95.94Price TrendShortMediumLongOverviewANSSAnsys Inc$385.502.93%APAAPA Corp$19.39-3.56%BLKBlackRock Inc$1106.670.46%CCitigroup Inc$87.140.47%DIASPDR Dow Jones Industrial Average ETF$444.050.11%FASTFastenal Co$44.101.92%ITAiShares U.S. Aerospace & Defense ETF$193.001.70%IWMiShares Russell 2000 ETF$222.780.49%JPMJPMorgan Chase & Co$288.640.62%QQQInvesco QQQ Trust, Series 1$556.520.42%STZConstellation Brands Inc$164.44-4.50%VOOVanguard S&P 500 ETF$574.100.15%WFCWells Fargo & Co$83.220.81%XLBMaterials Select Sector SPDR$90.95-0.62%XLCThe Communication Services Select Sector SPDR Fund$107.061.00%XLESPDR Select Sector Fund - Energy Select Sector$87.86-1.43%XLVSPDR Select Sector Fund - Health Care$135.14-0.04%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .EarningsAnalyst RatingsOptionsDividendsIPOsdate▲▼ticker▲▼name▲▼Price Target▲▼Upside/Downside▲▼Recommendation▲▼Firm▲▼Click to see moreAnalyst RatingsupdatesAnalyst CalendarJoin Benzinga Edge and unlock all the major upgrades, downgrades, and changes to the market's most accurate analysts.Click to JoinPosted In:Analyst ColorEquitiesLarge CapBroad U.S. Equity ETFsTop StoriesAnalyst RatingsTechETFs