Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high.

U.S. stock indexes held near their records following President Trump’s latest updates to his tariffs, as speculation continues that he may ultimately back down on them.

This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.

Wall Street tumble as Trump slaps 35% tariffs on Canada; Dow drops 200 pts, crypto soars past $117K on ETF inflows.

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday.

State Street reported a 2.5% year-over-year decline in net income to $693 million, or $2.17 a share. Analysts polled by FactSet expected $2.35 a share. The company reported an 11% increase in expenses to $2.53 billion due to a $100 million workforce rationalization and higher performance-based incentive compensation.

Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday.

Major stock markets diverged and the dollar largely steadied Monday after President Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with