U.S. stocks closed mostly lower on Monday (07/04), as markets reacted to President Donald Trump's escalating trade war with China, including threats to impose additional tariffs of 50% if Beijing does not roll back its retaliatory measures. The S&P 500 fell 0.7%, the Dow Jones dropped 342 points in a wild session marked by record intraday moves, and the Nasdaq 100 closed up 0.2% after earlier plunging more than 3%. Volatility surged across asset classes, with equities, Treasuries and commodities all being tossed around by conflicting headlines, including speculation about a 90-day tariff pause, a rumor quickly denied by the White House. Domestic automakers came under pressure as concerns mounted over impending tariffs on auto parts, with General Motors (-1.4%), Stellantis (-7.8%), Ford (-3.6%), and Tesla (-2.5%) all posting losses. Apple's market cap (-3.7%) has plunged $640 billion in three days, with shares down 20% due to its heavy reliance on China, where tariffs have reached 54%. (Newsmaker23)

Source: Trading Economics