NEW YORK — U.S. stock indexes are hanging near their records on Monday following President Donald Trump’s latest updates to his tariffs, as speculation continues on Wall Street that the U.S president may ultimately back down on them.
The S&P 500 was edging down by 0.2% in early trading and still within 0.5% of its all-time high set on Thursday. The Dow Jones Industrial Average was down 86 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% lower.
Stock indexes elsewhere around the world were mixed in their first trading after Trump said over the weekend that he plans 30% tariffs on goods from Mexico and the European Union. Those tariffs won’t take effect until Aug. 1, the same deadline he announced last week for updated tax rates on imports from Japan, South Korea and a dozen other countries.
The latest postponements for Trump’s