Nasdaq sets new record.

Closing a volatile session, major indices all rose as investors remained skeptical about the likelihood of President Trump implementing new 30% tariffs on the European Union and Mexico. Experts suggest that investors are betting that these tariffs will not be implemented by August 1st, and this is the reason for the continued market gains.

The Nasdaq Composite index, which is heavily focused on technology stocks, rose 0,3% to 20.640,33 points, marking its third consecutive day of record gains.

The S&P 500 index rose 0,1% to 6.268,56 points, nearly touching its previous record high, while the Dow Jones Industrial Average gained 0,2% to 44.459,65 points.

Over the past week, President Trump has restarted his broad tariff campaign, declaring he will increase tariffs on more than 20 countries if they do not reach an agreement with Washington. However, with a wait-and-see approach, the market views these statements as a negotiating tactic that will be adjusted during the talks.

Besides the tariff issue, the market is awaiting reports from JPMorgan Chase, Bank of America, and other banks providing updates on the state of US consumers as well as the "health" of corporate trading and investment activities.

The market is also awaiting US government reports on consumer prices and retail sales for June, factors that will provide a basis for predictions about the likelihood and timing of interest rate changes by the Federal Reserve (Fed – the central bank). Futures markets are also considering scenarios for an interest rate cut in September.