US stocks were little changed on Tuesday as investors digested conflicting signals from President Trump on tariffs. After initially delaying the return of broad "Liberation Day" tariffs until Aug. 1, Trump reversed course and said there would be no further extension, adding confusion to an already volatile trade environment.
The S&P 500 and Nasdaq closed near the flatline, while the Dow fell 165 points. The market reacted sharply to Trump's announcement of a steep 50% tariff on copper imports, sending copper futures soaring more than 10% and lifting shares of producers such as Freeport-McMoRan and Southern Copper.
Meanwhile, pharmaceutical stocks pared gains after Trump hinted at 200% tariffs on foreign-made drugs but suggested a one-year grace period. Tesla rose 1.3%, while Amazon fell 1.8% as an expanded Prime Day began. Investors are awaiting the release of the Fed's June meeting minutes and Delta Air Lines earnings on Wednesday later in the week. (alg)
Source: Trading Economics
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