The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday, while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts.

Market Snapshot

The Dow Jones Industrial Average fell 64.36 points, or 0.14%, to 44,837.56, the S&P 500 gained 1.13 points, or 0.02%, to 6,389.77 and the Nasdaq Composite gained 70.27 points, or 0.33%, to 21,178.58.

Market Movers

Tesla - Tesla rose 3% after Trump said he struck a deal to set 15% tariffs on goods from the European Union, including automobiles. Tesla operates Gigafactory Berlin-Brandenburg in Germany. The factory makes Model Y vehicles and battery cells.

Separately, CEO Elon Musk said the electric-vehicle company signed a $16.5 billion deal with Samsung Electronics to produce new-generation chips. “Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate,” Musk said in a post on X. “Samsung currently makes AI4. TSMC will make AI5, which just finished design, initially in Taiwan and then Arizona.”

Nvidia - Nvidia stock gained on Monday, ahead of a raft of technology-company earnings that are likely to confirm the seeminglyendless appetitefor its artificial-intelligence chips. Nvidia shares closed higher 1.9% at $176.75, hitting record high again. The chip giant’ market cap topped $4.3 trillion.

Boeing - Boeing was up 1.4%. Workers in St. Louis rejected a contract offer, increasing the odds of another labor strike occurring less than a year after a 53-day strike paralyzed production of 737 MAX jets and other planes. A press release from the International Association of Machinists and Aerospace Workers said more than 3,200 IAM District 837 members atBoeingfacilities in St. Louis, St. Charles, Mo., and Mascoutah, Ill., “have overwhelmingly voted to reject the company’s contract offer during a vote held on Sunday, July 27,” triggering a seven-day cooling-off period before a strike would begin.

Cheniere - Cheniere Energy, a provider of liquefied natural gas, was up 1.4% after the EU agreed to buy $750 billion of U.S. energy products, including LNG, oil, and nuclear fuel, under the trade deal.

ASML, AMD, Intel - U.S.-listed shares of ASML climbed 2.6% and other European semiconductor companies traded higher after the U.S. and EU hashed out a trade deal. Shares of U.S. chip makers also saw gains as AMD jumped 4.3% to $173.66. UBS analysts raised their price targeton AMD to $210 from $150 and maintained a Buy rating on the shares. Intel was down slightly after trading higher.

Nike - Nike rose 3.9% to $79.24 after shares of the athletic apparel maker were upgraded to Overweight from Neutral at J.P. Morgan and the price target was boosted to $93 from $64. The analysts believe the company has visibility towards a “multi-year recovery path” after months of sales growth trailing inventory growth.

Revvity - Revvity tumbled 8.3% after the health sciences company posted mixed second-quarter results and trimmed its adjusted earnings guidance for the full year.

Charter - Charter Communications extended losses, falling 3.7% on Monday, even after shares were upgraded to Outperform from Market Perform at Bernstein. The operator of Spectrum pay TV and internet services declined more than 18% on Friday —the stock’s largest daily percentage drop on record—after missing quarterly profit expectations as it lost about 417,000 subscribers across its internet, video, and wireline voice services.

Market News

Trump Eyes "World Tariff" of 15-20% for Most Countries

President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April.

Trump told reporters his administration will notify some 200 countries soon of their new "world tariff" rate.

"I would say it'll be somewhere in the 15 to 20% range," Trump told reporters, sitting alongside British Prime Minister Keir Starmer at his luxury golf resort in Turnberry, Scotland. "Probably one of those two numbers."

US, China Hold New Talks on Tariff Truce, Easing Path for Trump-Xi Meeting

Top U.S. and Chinese economic officials met in Stockholm on Monday for more than five hours of talks aimed at resolving longstanding economic disputes at the centre of a trade war between the world's top two economies, seeking to extend a truce by three months.

U.S. Treasury Chief Scott Bessent was part of a U.S. negotiating team that arrived at Rosenbad, the Swedish prime minister's office in central Stockholm, in the early afternoon. China's Vice Premier He Lifeng was also seen at the venue on video footage.

China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end weeks of escalating tit-for-tat tariffs and a cut-off of rare earth minerals.

Negotiators from the two sides were seen exiting the office around 8 p.m. (1800 GMT) and did not stop to speak with reporters. The discussions are expected to resume on Tuesday.