US markets hold steady at mid-day; S&P 500 gains 0.05%, Nasdaq gains 0.27%

Markets will be closely watching out from announcements regarding tariff deals as the US Presidents August 1 deadline approaches.

During mid-market trading on Monday, the Dow Jones Industrial Average (DJIA) was flat at 44,900.09, showing no significant change. The Nasdaq rose 0.27 percent to 21,165.9, while the S&P 500 edged up 0.05 percent to 6,391.77. The market remained mostly unchanged after showing initial optimism to US President Donald J Trump's announcement of a US-EU deal.

In commodities, gold declined 0.71% to $3,312, whereas oil jumped 2.16% to $66.57. The U.S. 10-year Treasury yield moved up by 0.64% to 4.414%. Meanwhile, the VIX, Wall Street’s fear gauge, rose 1.94% to 15.22, signaling a slight uptick in market volatility.

CNBC noted that 19 stocks in the S&P 500 hit all-time highs. These were Parker Hannifin, Trane Technologies, Eaton, Johnson Controls, TransDigm Group, Goldman Sachs, Ralph Lauren, NVIDIA, Broadcom, TE Connectivity, VeriSign, and Intuit.

Markets will be closely watching out from announcements regarding tariff deals as the US Presidents August 1 deadline approaches. Earlier during the trading session, Trump made various statements regarding the ongoing tariff situation, including hinting at a possible 15-20 percent baseline tariff for countries with which he has not brokered deals. He also said that he is reducing the 50-day deadline he gave Russian President Vladimir Putin to reach a peace deal with Ukraine and that Russia now has less than two weeks to reach this deal else face "“secondary tariffs” on its trade partners.

At mid-market, sector like consumer discretionary, energy and technology were trading in the green. All other sectors were in the red. Top gainers on S&P 500 were Tesla, Nike and Super Micro Computers.

European markets closed lower after gains during the trading day on muted optimism from the US markets on the US-European Union Tariff deal. Europe’s Stoxx 600 index closed 0.23% lower with autos being the worst performing sector, down by around 1.8 percent.