US close: Stocks higher as traders continue to monitor trade developments

(Sharecast News) - Major indices closed higher on Monday as traders continued to monitor trade headlines ahead of key inflation data and the beginning of Q2 earnings season tomorrow. At the close, the Dow Jones Industrial Average was up 0.20% at 44,459.65, while the S&P 500 picked up 0.14% to 6,668.56 and the Nasdaq Composite saw out the session 0.27% firmer at 20,640.33.

The Dow closed 88.14 points higher on Monday, taking a bite out of losses recorded in the previous session after Donald Trump announced he would be slapping a 35% tariff on imports coming from Canada.

Following the announcement of Canadian tariffs, Donald Trump later revealed that he will impose a 30% tariff on both the European Union and Mexico, starting on 1 August. Leaders of the EU and Mexico indicated they intend to keep talking with the Trump administration this month in an attempt to agree on a lower rate.

No major data points were released on Monday, with investors looking ahead to June's consumer price index reading on Tuesday

Things were much the same in the corporate space, with JPMorgan Chase, Wells Fargo and Citigroup set to kick off Q2 earnings season on Tuesday, while quarterly numbers from Johnson & Johnson, Bank of America, Goldman Sachs, Morgan Stanley and United Airlines will follow on Wednesday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Boeing Co. (BA) $230.55 1.64% Walmart Inc. (WMT) $95.75 1.43% 3M Co. (MMM) $157.68 1.18% Goldman Sachs Group Inc. (GS) $712.08 1.01% Visa Inc. (V) $350.48 0.73% JP Morgan Chase & Co. (JPM) $288.63 0.62% McDonald's Corp. (MCD) $301.68 0.59% Microsoft Corp. (MSFT) $503.14 0.52% Salesforce.Com Inc. (CRM) $259.35 0.50% American Express Co. (AXP) $320.65 0.37%

Dow Jones - Fallers

Dow Chemical Co. (DOW) $28.21 -4.53% Chevron Corp. (CVX) $151.47 -2.47% Procter & Gamble Co. (PG) $153.87 -2.03% Unitedhealth Group Inc. (UNH) $300.16 -1.30% Apple Inc. (AAPL) $208.69 -1.05% Intel Corp. (INTC) $23.30 -1.04% Cisco Systems Inc. (CSCO) $67.75 -1.00% Coca-Cola Co. (KO) $69.35 -0.74% Amgen Inc. (AMGN) $296.51 -0.51% Nike Inc. (NKE) $72.39 -0.34%

S&P 500 - Risers

Kraft Heinz Co. (KHC) $27.76 6.77% Fastenal Co. (FAST) $45.16 3.96% Western Digital Corp. (WDC) $66.81 3.65% Seagate Technology Plc (STX) $148.90 3.55% Fortinet Inc. (FTNT) $102.95 3.49% Autodesk Inc. (ADSK) $295.11 3.32% Ansys Inc. (ANSS) $385.82 3.24% Tapestry Inc. (TPR) $101.57 3.19% Realty Income Corp. (O) $58.90 3.05% Corning Inc. (GLW) $53.10 2.91%

S&P 500 - Fallers

Waters Corp. (WAT) $303.30 -14.06% Gap Inc. (GAP) $21.48 -5.94% Henry Schein Inc. (HSIC) $70.57 -5.01% Halliburton Co. (HAL) $22.01 -4.64% Brighthouse Financial, Inc. (BHF) $49.07 -4.53% Constellation Brands Inc. Class A (STZ) $164.40 -4.52% Apache Corp. (APA) $19.43 -4.47% Helmerich & Payne Inc. (HP) $16.44 -4.25% American Airlines Group (AAL) $12.35 -3.93% FMC Technologies Inc. (FTI) $34.32 -3.76%

Nasdaq 100 - Risers

Kraft Heinz Co. (KHC) $27.76 6.77% Fastenal Co. (FAST) $45.16 3.96% Western Digital Corp. (WDC) $66.81 3.65% Seagate Technology Plc (STX) $148.90 3.55% Autodesk Inc. (ADSK) $295.11 3.32% Tesla Inc (TSLA) $316.74 2.92% Regeneron Pharmaceuticals Inc. (REGN) $570.10 2.67% Alphabet Inc. Class C (GOOG) $182.85 2.47% Alphabet Inc. Class A (GOOGL) $181.65 2.35% Mondelez International Inc. (MDLZ) $67.58 2.24%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $2.77 -5.62% Henry Schein Inc. (HSIC) $70.57 -5.01% American Airlines Group (AAL) $12.35 -3.93% Skyworks Solutions Inc. (SWKS) $74.26 -3.46% Micron Technology Inc. (MU) $118.58 -3.17% Hologic Inc. (HOLX) $64.58 -3.04% QUALCOMM Inc. (QCOM) $154.27 -2.62% Baidu Inc. (BIDU) $85.94 -2.61% Synopsys Inc. (SNPS) $548.64 -2.55% DENTSPLY Sirona Inc. (XRAY) $15.99 -2.38%