Early movers on the stock market today were Nvidia NVDA and Tesla TSLA. Tesla rebounded 3.5%, looking to bounce back from heavy losses in recent sessions. Nvidia stock gained 0.4%, just shy of another new high.

US stock market today took a dip as President Trump announced fresh tariff threats, shaking investor confidence. The Dow, S&P 500, and Nasdaq all closed lower on Monday, with Tesla stock sliding amid political uncertainty.

Wall Street is coming off a holiday-shortened week during which the S&P 500 and Nasdaq Composite posted fresh all-time highs.

Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.

Uncertainty surrounding U.S. trade tariff policies are keeping investors cautious, whilst Tesla (NASDAQ: TSLA)

Stocks on Wall Street fell sharply on Monday, led by losses across major indices, including the Dow Jones Industrial Average, S&P 500, and Nasdaq. The S&P 500 shed 0.8%, its worst single-day drop since mid-June, while the Dow and Nasdaq both declined 0.9%. Despite the setback, all three indices remained close to their recent record highs.

Wall Street stocks closed sharply lower on Monday as Trump issued tariff warnings to nearly 12 countries. The Dow Jones Industrial Average fell 422 points (0.9%), while the S&P 500 and Nasdaq each dropped 0.

Decliners. Tesla shares tumbled 6.8%, falling the most of any S&P 500 stock, after CEO Elon Musk said he will form a new political party.Musk's announcement that he will launch the "America Party ...

Xiaomi stock price has surged to a record high of H$61.05, making it one of the best-performing companies in the Hang Seng Index this year.

Senate Majority Leader John Thune noted earlier he believes Republicans reached a deal to pass the package following days of negotiations. Also in focus, Fed Chair Jerome Powell told a panel at the European Central Bank’s (ECB) Forum that the U.S. would have cut interest rates already if tariffs hadn't come into play.

Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.