US Stocks Drift From Records as Trump Ramps Up Tariff Threats

US stocks extended declines Monday to fall further from records, as President Donald Trump’s latest salvo of tariff threats for Europe and Mexico kept investors on edge as corporate earnings season kicks off this week. The S&P 500 Index slipped 0.3% as of 9:45 a.m. in New York, after snapping a two week winning streak. That left the equities benchmark less than 0.5% from its July 10 record after climbing above the psychologically important 6,200 level. The Nasdaq 100 Index fell less than 0.4%. A basket tracking so-called Magnificent Seven stocks including Apple Inc., Alphabet Inc. and Meta Platforms Inc. is down 0.3%.