U.S. and European stock markets showed little enthusiasm for a new U.S.-EU trade deal. The S&P 500 barely ticked up, while the Stoxx Europe 600 ended lower — signaling investor fatigue over tariff headlines.
President Trump announced a likely 15–20% blanket tariff on exports from countries without trade agreements. Despite this, Wall Street seems less rattled than in previous cycles.
Economists are revising down the expected economic impact of tariffs. Future trade deals may no longer trigger strong market rallies, suggesting tariffs are no longer the dominant macro concern.
With tariffs sidelined, investors are turning their attention to Magnificent Seven tech earnings and upcoming U.S. economic data for market cues.
(source edition.cnn.com)
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