“`html
The S&P 500 Index is up 0.25%, the Dow Jones is up 0.19%, and the Nasdaq 100 is up 0.47% as of today. Positive economic indicators include a decline in weekly jobless claims to a three-month low of 221,000, an unexpectedly strong retail sales increase of 0.6%, and a rise in the Philadelphia Fed index to a five-month high of 15.9.
President Trump announced plans for potential tariffs of 10% to 15% on over 150 countries effective August 1. Additionally, he imposed a 30% tariff on imports from the EU and Mexico, and a 35% tariff on some Canadian products. The market remains focused on news regarding tariffs and potential trade deals, with Treasury Secretary Bessent set to meet with Chinese officials soon.
In the stock market, United Airlines rose over 3% after positive comments from its CEO, while health insurer Elevance Health dropped 11% following a downward revision of its earnings outlook. PepsiCo led S&P 500 gainers with a 6% increase after reporting a Q2 net revenue of $22.73 billion, surpassing expectations.
“`
