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US stock indexes edge higher on Monday — Reuters
American stock indexes closed slightly higher on Monday as investors maintained a cautious stance amid ongoing developments in Washington's trade policy, Reuters reported. Market participants are also awaiting key economic data releases in the upcoming earnings season.
The report notes that US President Donald Trump recently announced 30% import tariffs on goods from the European Union and Mexico. While the nation continues negotiations with these countries and Canada, the EU has extended its pause on retaliatory measures until August.
Reuters observes that Trump's unpredictable trade policies have prompted a muted market response. The S&P 500 gained 8.81 points (0.14%) to close at 6,268.56, while the Nasdaq and Dow Jones rose 0.27% and 0.20%, respectively.
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