US open: Stocks higher as traders digest tariff headlines

(Sharecast News) - Major indices were in the green early on Monday as traders digested trade headlines and looked ahead to earnings from some of the biggest names in tech. As of 1445 BST, the Dow Jones Industrial Average was up 0.12% at 44,394.58, while the S&P 500 advanced 0.30% to 6,315.78 and the Nasdaq Composite came out of the gate 0.55% firmer at 21,010.31.

The Dow opened 52.39 points higher on Monday, reclaiming some losses registered in the previous session as risk appetite scaled back with markets trading at record highs.

Trade was once again in focus at the open on Monday as the White House reiterated its position on tariffs, with commerce secretary Howard Lutnick saying on Sunday that 1 August was the Trump administration's "hard deadline" for other nations to begin paying tariffs.

However, he also said that "nothing stops countries from talking to us after 1 August, but they're going to start paying the tariffs on 1 August." Trump's tariff deadline has moved multiple times since his so-called "reciprocal" tariffs were announced on 2 April - which he branded "Liberation Day".

On Monday's earnings slate, telco giant Verizon hiked FY adjusted underlying earnings and earnings per share guidance on the back of a strong Q2 trading performance, while Domino's Pizza reported earnings that fell short of estimates despite seeing US same-store sales growth hitting 3% in the quarter.

Market participants were also patiently awaiting earnings reports from the likes of Alphabet and Tesla later this week.

No major data points were scheduled for release on Monday.





Reporting by Iain Gilbert at Sharecast.com