Portuguese tennis players Francisco Cabral and Nuno Borges were given permission to stray from Wimbledon’s strict all-white dress code to honor the late Liverpool and Portugal soccer star Diogo Jota, they told reporters, including CNN, on Friday.
Jota died in a car crash in Spain early Thursday morning. He was 28. His brother, André Silva – who was also a professional soccer player – also died in the accident at the age of 25.
Cabral, who competed in men’s doubles, told CNN Friday that he initially wanted to wear a black armband, but he said he was told that would not be allowed. He was granted approval to wear a small black ribbon instead.
The AELTC said to CNN in a statement: “We are always open to having conversations with players regarding such matters, and given the tragic circumstances, the Referee’s Office has approved the players wearing a black ribbon as a mark of respect and condolence.”
Cabral, ranked 40th in the world in doubles, won his first-round match Thursday but fell in the second round Friday with his playing partner Lucas Miedler of Austria.
“Yesterday, I came up with the idea of wearing a black strap, but that was not allowed,” Cabral said. “The players’ relations, they had a black ribbon, and I asked for permission. They let me play with it and I just did it this morning.
“It was an honor. It’s not for the best reason. But yeah, he was not only an inspiration to me but for the country in general, he meant so much in the sport. He conquered so much in his life. So it was just an honor for me to try and help, if only 1% for the family and everybody.”
Later Friday, in the men’s singles draw, Portugal’s Nuno Borges – with a black ribbon affixed on his white cap – lost to Russian and No. 17 seed Karen Khachanov in five sets.
After the match, Borges said that he had initially hoped to walk out on court in a full red Portugal top, but his team was told that would not be allowed.
Instead, he opted for the same small black ribbon worn by Cabral.
“I think it was a nice gesture for him (Jota). He was a great footballer, it’s a tragedy,” Borges said.
Adding an extra pair of AirPods to your Apple ecosystem is probably one of the best things you can do when it comes to convenience. That way, you can leave one pair in the car or at the office so you’re never without a pair to throw on quickly.
Several different AirPod models are discounted for Prime Day, but the best of the best is the AirPods Pro 2 which is currently down to $159 at Amazon. These earbuds offer Personalized Spatial Audio with dynamic head tracking for a more immersive audio experience. In our AirPods Pro 2 review, we said they take everything we loved about the original AirPods Pro to the next level.
Color me impressed
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Prime Day is naturally one of the best times to pick up one of Amazon’s own devices at a friendlier price and nowhere is that more true than with a Kindle. Although there are several Kindle deals available right now, the Kindle Colorsoft Signature Edition is on sale for $179 — its lowest price to date.
The Colorsoft made its entrance last year as the first ever color Kindle (perfect for graphic novel fans) and we awarded it 4.5 stars in our review of the Kindle Colorsoft. If you’re looking for one of the best Kindles at a great price, this is it.
Grab some discounted PS5 games and accessories too
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Although the PS5 Slim and the PS5 Pro aren’t on sale, you can still save quite a lot on some of the best PS5 games and accessories at Amazon right now.
From big blockbuster games like Assassin’s Creed Shadows to more storage like this 1TB SSD from WD-Black, Prime Day is the perfect time to give your console a major upgrade or pick up your next PS5 game.
Up your streaming game with this deal
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While many of the best streaming devices plug right into the back of your TV, the Amazon Fire TV Cube doesn’t as it features a built-in Alexa-powered smart speaker. You also don’t need an adapter if you want to connect it to your router via an Ethernet cable for even lower latency but it also comes with Wi-Fi 6E for super fast downloads over Wi-Fi.
Right now, you can pick up a Fire TV Cube for just $89. This is $50 off and the lowest price we’ve seen yet for Amazon’s most advanced streaming device. Oh and did I mention you get an Alexa Voice Remote Enhanced in the box too.
An iPad you’ll actually use
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Have you ever bought a tablet thinking you’ll use it all the time for browsing the web, watching movies, taking notes and more only for it to end up gathering dust on your shelf? Well, I certainly have. That is until I went back to using smaller tablets like Apple’s iPad mini.
If you want something bigger, don’t worry as most of the best iPads are also on sale too. However, if you want all the features you get with an iPad in a small, easy-to-carry form factor, the iPad mini might be the best one for you too.
Seeing is believing
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You can’t always bring a TV with you but with a pair of the best smart glasses, you absolutely can. We’re probably going to see even more AR and XR glasses discounted as Prime Day continues but right now, you can pick up a pair of the Viture Pro XR glasses for over $100 off.
I’ve been testing these smart glasses out myself and they’ve made watching movies and playing games even better. For instance, I wore them on a 16 hour flight about a month ago and just last weekend, I played the Nintendo Switch 2 in AR using them. For that second one, you will need to pick up the Viture Pro Mobile Dock but good news, you can get the glasses and the dock in a bundle and Viture is even throwing in a free controller too.
If you want the big screen experience on the go or even in bed, a pair of smart glasses is the perfect Prime Day pickup.
Stay cool with a smart fan this summer
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The best smart home devices range from simple smart lights to more complex ones like smart thermostats. However, even some of the simplest appliances are now available with a smart upgrade and many are already on sale for Prime Day.
Take this Govee smart fan for instance which is $54 off with a coupon right now and could dip even further as Prime Day continues. If you’re tired of getting up to adjust your fan or forgetting to turn it off, than a smart fan like this one could be the perfect upgrade to help you beat the heat this summer.
Take your video calls to the next level
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Whether you’re working from home or just want to look your best for friends and family in video calls, then you definitely need a good webcam. While your laptop likely already has one built-in, it probably isn’t that good. Likewise, if you use a desktop and a monitor then you’ll definitely need to pick up one of the best webcams sooner or later.
Right now at Amazon, you can get the Obsbot Meet 2 for just $99. Not only is this its lowest price yet but you’re not limited to boring colors since this webcam comes in space grey, cloud white or aurora green like in the picture above. At just 1.78 x 1.4 x 0.87 inches, the Obsbot Meet 2 is an absolutely tiny webcam that you can bring with you anywhere. Plus, it has a USB-C port on the back instead of a hardwired connection, so you can use whatever cable you want.
Say goodbye to Wi-Fi dead zones for good
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If you’re tired of having your devices disconnect from your home network as you move throughout the house, then picking up one of the best mesh Wi-Fi systems is the easiest way to fix your Wi-Fi woes for good.
Now with Prime Day too, there’s never been a better time to get a two-piece or even a three-piece mesh router set to fill your whole home with a strong wireless signal. In fact, you can get a Wi-Fi 7-powered mesh router in a two-pack for just $201 right now.
Leave that bulky charger at home
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If you’re tired of carrying multiple chargers for all your various devices or maybe that bulky laptop one is taking up too much space in your bag, then Prime Day is the perfect time to pick up a GaN charger for cheap. The Ugreen Nexode 65W GaN charger is one of my favorites and you can grab one for yourself for just $24 right now.
I actually have two of these chargers at home and they’re great for on the go but they also help free up outlets at your desk. At just 2.59 inches long, 1.22 inches wide and 1.57 inches tall, you can easily slip this tiny charger into any bag or even your pocket.
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On the front of the device, you get two USB-C ports and USB-A port so you can charge up to three devices simultaneously. However, to get the full 65W and fast charger your laptop or phone, you’re going to want to use the USB-C port at the top.
Forget shaving your legs for the beach with this home laser hair removal device
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When it’s boiling outside, there’s nothing better than heading to the beach or a pool to cool off.
But you may have a little problem called leg hair. It’s so annoying to remember to shave. Fortunately, I found a solution to this predicament — and you can get it on sale now.
Thanks to this little miracle, I almost never have to shave my legs anymore. If you’re also ready to say goodbye to the endless shaving struggle, this might be your new best friend.
I know that price is still an investment, but compared to the cost, time and efficacy of other hair removal options, it really pays off.
This Paramount Plus deal is almost too good to be true
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Finally, I can begin binge-watching “Couples Therapy”!
I’ve been waiting until Prime Day to see if Paramount Plus might be one of the Prime Day streaming deals on offer. And luck is on my side, because it is!
Paramount Plus Premium is just $0.99 via Prime Video Channels for two months. The regular monthly price is $12.99, so that is a massive savings!
The Essential plan is also the same price, but you should definitely get the Premium plan since it offers everything Essential does, plus: no ads (except on live TV), Showtime programs and a live feed of your local CBS station.
This Paramount Plus deal could not come at a better time. “Dexter: Resurrection” premieres Sunday, July 11, while “Star Trek: Strange New Worlds” season 3 has set its phasers on July 17.
And of course, now I can binge all of “Couples Therapy” season 4.
Stock up on Under Armour apparel for summer…
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It’s been a hot summer in the Northeast and if you need to refresh your summer wardrobe, Amazon has a massive sale on Under Armour apparel and gear.
Under Armour makes some of our favorite athletic apparel — and right now deals start from just $17 ahead of Prime Day. From t-shirts and shorts to sneakers and accessories, there’s a little something for everyone.
Our favorite TV deals right now…
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Black Friday is hands-down the best time of the year to buy a new TV. It’s when you’ll see the lowest prices on practically every TV. But the truth is — TV deals can be found any day of the week and especially during major retail holidays.
With the uncertainty of tariffs, however, I would do my TV shopping now instead of later. Whether you’re in the market for an inexpensive 4K TV or want to upgrade to your first OLED TV, Amazon is offering discounts on all types of TVs. Tom’s Guide TV reviewer Ryan Epps has highlighted some of his top picks in our Prime Day TV deals hub. I’ve also hand-picked a few noteworthy deals below.
Grilling season is here…
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Need a new grill for the summer? Now’s the time to upgrade. Amazon has various grills, smokers, and accessories on sale from as low as $19.
I live ins the NYC area, which means I don’t have the space for a grill, but I’d be all over this sale if I had a backyard. It includes grills from brands like Traeger, Ninja, Weber, and more. Check out the full sale via the link below.
Stock up on board games and get $10 off…
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I love deals that stack. For example, right now when you spend $40 or more on select board games and toys, you’ll get an instant $10 off. The sale includes games like Connect 4, Monopoly, and Sorry. It also includes some random toys/accessories like Speedo Swim Cap, children’s life jacket, and LeapFrog 2-in-1 Tablet. Not sure what’s good? Check out our roundup of the best Prime Day board game deals.
Don’t miss this secret “off to college sale”
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Late last year Amazon launched a new storefront. It’s called Amazon Haul and features cheap deals on fashion, home, lifestyle, and more. There’s a lot of off-brand items at Amazon Haul, but if you dig around — there are also a lot of great deals on name-brand apparel like Adidas, Forever 21, Carhartt, and more.
Right now Amazon Haul has kicked off its “back to college” sale. So if you’re looking for new fall clothes or dorm-room friendly items, this is your moment to score some cheap deals. Check out the link below.
Now’s the time to buy Amazon hardware…
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Greetings, everyone! Deals editor-in-chief Louis here spotlighting some of my favorite early Prime Day deals for the next few hours. I’ve always said, the best Prime Day deals are typically on Amazon’s own Alexa-powered hardware. Whether it’s a Blink security camera or a Fire TV, outside of Black Friday these are the lowest prices of the year.
With vacations and busy schedules this summer, whole home security can help give you some peace of mind while you’re away from home. And fortunately, Amazon’s early Prime Day sale is knocking up to 60% off top-rated Blink devices. In fact, we’re seeing some of the lowest prices ever on these home security must-haves.
Travel in style this summer
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Have any summer vacations planned? Whether it’s a week-long trip or even a quick weekend getaway, Amazon has various Samsonite carry-ons and luggage on sale with up to 60% off. The sale includes individual luggage as well as luggage sets and backpacks. Make your travels simpler with Samsonite.
Hoping to blast some tunes this summer? Whether you’re hosting a barbecue, heading to the beach or hanging by the pool, the JBL Xtreme 4 is a great pick — and right now it’s 34% off ahead of Prime Day.
Save up to 42% on Kindles
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Amazon hardware is typically discounted during Prime Day — but Kindle deals are few and far between. Fortunately, Amazon is taking up to 42% off Kindles, including some of the best Kindles we’ve ever tested.
If the idea of keeping a smartwatch charged sounds tedious to you, then you might like the Garmin fēnix 7 Pro Sapphire Solar, as it turns to the power of the sun to get some extra juice.
Early Prime Deals under $25 that won’t break the bank
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There are plenty of early Prime Day deals to go around, but if you’re looking to snag some that won’t set you back a pretty penny, we’ve got you covered. Amazon is slashing prices on Adidas, Lego sets, Yeti water bottles, and more. Check out our round-up of the best early Prime Day deals for under $25 for even more ways to save.
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The best time to get a TV is either during one of Amazon’s Prime Day events or around Black Friday. The latter is a long way away, but the former is already upon us despite not having officially started yet.
If you’re in the market for a new TV, you can get the Hisense 55U65QF QLED TV for $477. This TV typically retails for $799, making this a tremendous deal for anyone looking for a good TV with Amazon’s reliable Fire TV interface under the hood.
Stop mowing the lawn
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This robot lawn mower is massively discounted. If you’re sick of mowing the lawn, this incredible deal is for you.
Remember, other retailers are slashing prices to compete with Amazon
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Remember, you shouldn’t just stick to shopping Amazon during any major online sales event, even Prime Day!
That’s because other retailers like Best Buy, Target and Walmart will also run sales this week to try and horn in on all the folks hunting for deals thanks to Amazon’s sale.
Here’s a great example: HP’s Omen Transcend 14 gaming laptop is over $300 off at Best Buy right now, which is a killer deal on one of the thinnest and best gaming laptops you can buy.
Don’t buy the Garmin Forerunner 255 this Prime Day, grab this deal instead
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,I’m Jane, Fitness Editor here at Tom’s Guide, and I’m jumping on the live blog to say don’t buy the Garmin Forerunner 255 this Prime Day, which is on sale for $249 at Amazon, buy the Garmin Forerunner 165 for $235 on Amazon instead.
The Forerunner 165 is the newer of the two watches, and while it doesn’t have multisport modes, it features a much brighter AMOLED screen and is a fantastic, affordable running watch that’ll help you train smarter. Read our Garmin Forerunner 165 review here.
Run, don’t walk! Apple Watch Ultra 2 hits its lowest price ever
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Shopping for an Apple Watch this Prime Day? I’ve got the deal you’ve been waiting for. The Apple Watch Ultra 2 is the best Apple Watch for most sports enthusiasts — it has that all-important action button that makes pausing your run with sweaty hands that little bit easier, plus 36 hours of life per charge in normal mode and up to 72 hours in low-power mode. Right now, the Apple Watch Ultra 2 is discounted to $649 on Amazon — the lowest price ever, and $150 off!
The best OLED TV deal of the summer
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This is my favorite OLED TV deal of the summer so far. Right now you can score a huge $1,000 saving on the LG C5 OLED, which we rank as the best OLED TV on the market. It doesn’t get much better than this!
The best smartwatch deal!
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The Apple Watch 10 is our choice for the best smartwatch on the market! Now it’s on sale for a $100 discount, it’s the lowest price I’ve ever seen. It’s the perfect companion to your iPhone, as you’ll be able to view notifications, control your music and more without pulling your phone out of your pocket. It’s also loaded with health and fitness tracking features to keep an eye on your activity.
Lego savings!
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Prime Day is a great time to shop Lego deals. With prices starting from just $7, you can grow your collection without blowing your budget.
Don’t miss REI’s huge sale
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Not all the best sales come from Amazon! If you’re looking for apparel that’s outdoor-ready, check out these awesome Patagonia deals in REI’s sale. You can grab tees, jackets and more starting from $33.
This is the best air fryer deal
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Right now our choice for the best air fryer you can buy is on sale for a tasty discount! If you’re holding a late 4th of July cookout or just want to enjoy delicious air fried treats all summer long, there’s no better deal than this.
More AirPods deals!
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I’d bet that the AirPods 4 will be one of the best sellers this Prime Day. Right now you can get a $30 discount on the newest AirPods, meaning they’ve dropped to their lowest price ever!
That’s that me Nespresso
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Nespresso is offering some awesome Prime Day deals right now. Our Staff Writer and ex-barista Erin Bashford knows the best deals of the bunch, and has shared her favorites. I’ve pulled a few out here, but you can check out all her favorites in her article.
The ultimate headphones for Apple fans
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AirPods deals are hotting up for Prime Day! Right now you can score a wonderful $100 saving on the AirPods Max. These premium cans are perfect for iPhone users, because of their lightning-fast connectivity with Apple devices. They also deliver excellent sound quality and an incredibly comfy design.
An awesome early Prime Day deal for sports fans
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Right now you can score a massive $400 discount on the Gamin Fenix 7 Pro. Our Senior Fitness Writer, Nick Harris-Fry, talks about why this is such a great deal in his article linked below.
A killer headphone deal
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Sony headphones are pricy, but they’ve consistently topped our lists of the best headphones for years. Right now you can snag a massive $150 off the Sony WH-1000XM4, making them some of the best value headphones you can get right now. Just note that these aren’t the latest model any more, as the Sony WH-1000XM6 are now available.
Welcome! We’re a day out from Prime Day’s official start. But if you just can’t wait, a ton of awesome early deals are rolling out. Strap in and I’ll bring you the best discounts as they appear.
The social media embargo for James Gunn‘s “Superman” has been lifted, bringing with it the first reactions from members of the film press. The Warner Bros. tentpole is the latest superhero movie from “Guardians of the Galaxy” and “Suicide Squad” writer-director Gunn, who is now overseeing DC Studios with Peter Safran. “Superman” marks the launch of a rebooted DC Universe on the big screen. Film press are calling it a “thrilling start” to Gunn’s DC Studios.
Film critic Bryan Sudfield praised “Superman” as a “bold yet faithful” feature adaptation of the DC icon. He added that Gunn’s take felt unique while still staying true to the character’s roots.
“‘Superman’ soars with heart, humor, and style—a bold yet faithful take on the iconic hero,” he wrote on X. “James Gunn sets a fresh tone while honoring the character’s legacy, and David Corenswet shines with sincerity and strength. A promising, thrilling start to DC’s new era.”
Entertainment journalist Brandon Davis took to X to praise David Corenswet’s performance as the titular Man of Steel, adding that his chemistry with Rachel Brosnahan was “an excellent driver” of the story.
“David Corenswet portrays an exceptional iteration of [Superman] with sincerity, heroism, purity, and inspirational traits,” he wrote. “Corenswet & Rachel Brosnahan’s chemistry for Clark and Lois is off the charts.”
However, not everyone was a fan of the DC Studio debut. Movie critic Peter Howell said “Superman” was “not the super start to the DC Universe everybody had been hoping for,” and that it prioritized style over substance.
“James Gunn is brilliant at conjuring spectacle and creating alien realms, not so great at storytelling,” he wrote on X. “David Corenswet plays a boyishly sweet Superman, constantly getting his ass kicked; he’d be better as the lead in a Dudley Do-Right movie. Rachel Brosnahan makes a spiky Lois Lane, Nicholas Hoult’s Lex Luthor is more obnoxious than villainous. The real star of the show is superdog Krypto, who steals every scene he’s in — I’d rather see a movie about him.”
“Superman” stars Corenswet in the title role, plus Nicholas Hoult as Lex Luthor and Brosnahan as Lois Lane. The supporting cast includes Skyler Gisondo (Jimmy Olsen), Anthony Carrigan (Metamorpho), Edi Gathegi (Mister Terrific), Nathan Fillon (Guy Gardner), Isabela Mercad (Hawkgirl) and more. While plot specifics for the movie have remained under wraps, Gunn has said his superhero epic encompasses “the story of America.”
“I mean, ‘Superman’ is the story of America,” Gunn explained to The Sunday Times. “An immigrant that came from other places and populated the country, but for me it is mostly a story that says basic human kindness is a value and is something we have lost… Yes, it’s about politics. But on another level it’s about morality. Do you never kill no matter what — which is what Superman believes — or do you have some balance, as Lois believes? It’s really about their relationship and the way different opinions on basic moral beliefs can tear two people apart.”
Check out more “Superman” first reactions below. The film opens in theaters July 11 from Warner Bros. and DC Studios.
“SUPERMAN reminds us that Clark Kent has always been a beacon of hope and the goodness that can exist in this world. James Gunn’s vision is a comic book brought to life and it bought a lightness and a happiness to one of the most beloved heroes around.” – Rachel Leishman (@RachelLeishman)
“This is the BEST #Superman movie to date. When James Gunn gets out of the way & lets his work speak for itself, it’s incredible. 💙💛❤️ It’s not perfect, but darn close & made me a believer in Gunn’s #DC.” – Grace Randolph (@GraceRandolph)
“There’s glimmers of a heartfelt, hopeful & optimistic #Superman akin to classic Action Comics, but the film sadly buckles under a convoluted & often silly plot. However, there are terrific performances from Corenswet, Brosnahan, Hoult & Gathegi – plus Krypto really is the best!” – Nicola Austin@nicola_aus
“James Gunn’s #Superman is the hero’s most vibrant, optimistic, and character-driven big screen outing since Richard Donner was as running the show. It lays a solid groundwork for a larger universe, but this is Superman’s story and a damn good one. Marvel let a big fish get away.” – Nick Spake (@NSpake)
“James Gunn absolutely nailed it with #Superman. From the music and VFX to the camerawork and humor, he crafted the ideal light-hearted, kid-friendly family film for the summer. Every character had standout moments—especially Krypto.” – Jeremy Kazieva (@jeremy_kazieva)
“Superman is filled with hope, love, and deeply powerful themes of what it means to be human. Corenswet completely embodies the strength and honor of the character, and his chemistry with Brosnahan is electric. Loved the action, and ambitious story. Gunn pulled it off!” – Ben Meter (@metersreviews)
US stocks fell Monday as President Donald Trump announced a flurry of tariffs on countries including Japan, South Korea and South Africa.
The Dow closed lower by 422 points, or 0.94%. The S&P 500 fell 0.79% and the tech-heavy Nasdaq Composite fell 0.92%. The three major indexes posted their worst day in about three weeks. Meanwhile, the early opening Asian stocks started Tuesday flat.
Stocks dropped lower midday after Trump announced 25% tariffs on Japan and South Korea, set to go into effect August 1. Stocks continued to fall in the afternoon as Trump announced tariffs of varying rates from 25% to 40% on countries including Myanmar, Malaysia, Kazakhstan, Laos and South Africa.
Trump posted letters on Truth Social outlining the tariffs, which are separate from sectoral tariffs. The tariff rates “may be modified, upward or downward,” according to the letters.
Stocks had opened lower as Wall Street mulled the Trump administration’s plan to announce new trade deals — or notify countries of new tariff rates. Trump on Sunday said the White House would send “tariff letters” to countries on Monday at noon. Trump had told reporters on Friday the letters would disclose new tariff rates set for August 1.
White House Press Secretary Karoline Leavitt on Monday said the president would sign an executive order to move the July 9 tariff deadline to August 1, creating a timeline for negotiations.
US-listed shares in major Japanese automakers Toyota, Nissan and Honda dropped by 4%, 7.16% and 3.86%, respectively.
US-listed shares in major South Korean technology companies LG Display and SK Telecom dropped by 8.3% and 7.76%, respectively.
Exchange-traded funds managed by BlackRock that track Japanese, South Korean, South African and Malaysian stocks were down 2.4%, 3.56%, 1.73% and 1.97%, respectively.
The Japan-focused, South Korea-focused and Malaysia-focused ETFs posted their worst day since early April.
Ross Mayfield, an investment strategist at Baird, told CNN that the proposed tariff rates were higher than the market was expecting, leading to a sell-off in stocks.
US government bonds also slid as investors digested the tariff developments. The 10-year Treasury yield rose to 4.39% and the 30-year yield rose to 4.92%. Yields and prices trade in opposite directions.
The US dollar index, which measures the dollar’s strength against six major foreign currencies, gained 0.3%. The Japanese yen, South Korean won and South African rand all weakened against the dollar.
On Tuesday, Japan’s benchmark Nikkei 225 Index rose 0.5% in early hours of trading, while South Korea’s Kospi gained 1.5%. Hong Kong’s Hang Seng Index rose 0.3%, and Australia’s S&P/ASX 200 was up less than 0.1%.
Kai Wang, Asia equity market strategist at Morningstar, interpreted the relatively muted Asian stock response as investors looking beyond the tariffs, and focusing instead on the new August 1 deadline as a sign of progress.
“(Asian) markets are treating the latest tariff move more as posturing than policy, with room still seen for dialogue,” he said.
US stocks rallied in recent weeks as investors bet the worst of the tariff confusion was in the past. As Trump’s self-imposed July 9 deadline for trade deals — the conclusion of a 90-day pause that began April 9 — approached, Wall Street was cautiously optimistic.
Mohit Kumar, chief strategist and economist for Europe at Jefferies, said in a note he does not think the original July 9 deadline will have a “material impact” on markets.
“It will create near-term uncertainty and prompt some profit taking given current valuations and positioning. But the letters are meant as an incentive for other countries to agree to come to a deal quickly and we see more trade deals being signed in the coming weeks,” Kumar said.
A dip in stocks should be seen as a buying opportunity, Kumar said.
The S&P 500 has notched four record highs since June 27. Stocks have pushed higher as economic data has been stronger than expected, helping assuage concerns about the impact of the early stages of Trump’s tariff campaign.
“The renewed optimism appears to have been buoyed by a series of data points that have seemingly quelled some of the worst investor fears,” Brian Belski, chief investment strategist at BMO Capital Markets, said in a July 3 note. “For instance, cooler-than-anticipated CPI numbers continue to suggest a muted tariff impact, for now at least.”
Belski said he thinks trade deals will be announced in the coming weeks, providing “more clarity for both investors and businesses and likely keep[ing] the uptrend in stocks intact.”
Treasury Secretary Scott Bessent told CNBC on Monday he expects “several announcements in the next 48 hours.” Bessent had told CNN’s Dana Bash on Sunday that tariff rates would “boomerang” higher on August 1 if trade deals were not completed.
“If we’ve learned anything over the last three months, it’s that the situation is very fluid and can change with very little notice,” Jim Baird, chief investment officer at Plante Moran Financial Advisors, said.
While many investors expect stocks to grind higher, others warn that there is complacency in markets.
Scott Wren, global market strategist at Wells Fargo Investment Institute, said in a note he thinks the Wall Street consensus is “overly optimistic on the tariff outlook.”
Wren said there is concern that as tariff rates settle, the economy will begin to slow and consumer spending might pull back.
“Our feeling is that stocks are ahead of themselves, and as a result, we are looking to trim positions in markets and sectors we find to be overvalued,” he said, mentioning US small cap stocks and consumer discretionary sectors in the S&P 500 that have performed well in recent months.
Trump on Sunday also announced an additional 10% tariff on any countries aligning with BRICS — an economic bloc including founding members Brazil, Russia, India, China and South Africa.
While the S&P 500 and Nasdaq hit record highs in recent weeks, the Dow is still about 608 points away from hitting an all-time high.
Wall Street this week will be fixated on any signs of more proposed tariff rates. Lukman Otunuga, senior market analyst at FXTM, said if tariff rates jump higher than expected and revive “recession fears and trade uncertainty,” then stocks “could be slammed while safe havens rally.”
