The selloff came after ASML reported its second-quarter earnings. Orders of 5.54 billion euros ($6.44 billion) for the company’s chip-making machines topped analysts’ targets, but CEO Christophe Fouquet warned that growth in 2026 was no longer guaranteed amid uncertainty on multiple fronts.

The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The U.S. investment bank goes through the reasons why the stock market keeps rising as new and higher tariff levels get announced.

Fastenal (FAST) kicked off Q2 earnings this morning with a solid beat: $2.08B in revenue, $0.29 EPS. It’s a small name, but it opens the floodgates for a week that includes JPMorgan, Wells Fargo, Citigroup, and tech giant Netflix.

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CNBC's "Power Lunch" team discusses what stocks may be immune to tariffs with Skyler Weinand, chief investment officer at Regan Capital.

A fresh batch of inflation risks were emerging in July as President Donald Trump escalated his trade war. Copper prices surged, tariff pressures bubbled up in earnings, and even a morning coffee could be getting more expensive.