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

U.S. stocks closed sharply lower on Monday, as President Donald Trump reignited global trade war concerns with the announcement of sweeping new tariffs. The S&P 500 fell 0.8%, the Dow Jones Industrial Average dropped 422 points (0.

Newly added IBD SwingTrade r name Palantir Technologies bucked a losing trend and bolted more than 3% higher on the stock market today. Shares are extended from a late-stage cup-with-handle base with a 125.25 buy point. Shares have climbed around 82% so far this year.

The S&P 500 retreated 0.8% from its all-time high, and bond yields ticked higher. The Dow industrials fell 0.9%.

Wall Street is opening lower as the Trump administration steps up pressure on trading partners to make trade deals before a Wednesday deadline.